Companies fear protracted slump, says WEF report

LONDON: A prolonged global slump and surge in bankruptcies arising from the coronavirus disease 2019 (Covid-19) pandemic are the foremost concerns for companies surveyed in a World Economic Forum (WEF) report on Tuesday.

However, the crisis also gives governments a “unique opportunity” to craft a healthier, climate-friendly economy as they intervene with huge rescue packages, the organization said.