Speech by Luiz A Pereira da Silva based on remarks at the OECD Chief Economist Talk Series, Paris, 23 April 2020 and a Research Webinar at the BIS, 13 May 2020.

"It suggests that climate-related risks and pandemics such as Covid-19 have similarities. Both are massive global negative externalities and both are related to changes in our natural ecosystems.

If passed, the proposal would be the biggest EU stimulus package in history and could see Europe-wide taxes on plastics and big tech introduced in a major advance for European integration. “This is Europe’s moment,” Von der Leyen told a session of the European Parliament as she announced the plan.

Given its non-essential nature, the fashion industry faces significant risks. Indeed, in times of COVID-19, as consumers around the world remain in lockdown, they no longer need new products. This industry is characterised by a highly integrated global supply chain. In it, many developing countries play the role of the supplier of low-cost inputs. This article highlights some of challenges and concerns that some of these countries face, many of which are dependent on textile and garment exports.

There is currently little to no insurance coverage available for financial losses in case of catastrophic risks, such as the current COVID19 pandemic. The resilience framework would have the flexibility to respond to a range of catastrophic events, such as pandemic and massive cyber-attacks, that can create severe business losses without physical damage.

"Many organisations have told us that they are now regularly reviewing the business continuity plans of suppliers as suppliers’ plans – rather like their own – are having to adopt a degree of agility to cope with the unknown progression of the virus.”

Experiencing an exponential rise of COVID-19 related security cases during the pandemic, International SOS sheds light on three emerging security challenges. These are alongside underlying security issues that the pandemic environment has and will continue to exacerbate.

The latest EY attractiveness survey - which examines the performance and perceptions of European countries as a destination for foreign direct investment (FDI), revealed that post-COVID-19 there will be an additional lens front and centre: the need to juggle cost and resiliency.