The global consulting industry is worth a combined $160 billion, with Europe representing a 29% share of that. However, with the coronavirus having pushed many of the world’s economies to the brink of a recession, clients are delaying projects, decreasing their scope or cancelling them all together. As a result, the revenue of the global and European consulting market is taking a big hit. In 2019, Europe’s consulting generated about U.S.$ 45 billion but in 2020 the forecast is for U.S.$ 32.2 billion, down 28%

Share of the European Consulting Markets

More than 33 million jobless Americans have now made claims in the past seven weeks. The unemployment rate soared to 14.7% in April.

Jobs lost in April by Sectors

In less than 60 days, Germany will be taking over the presidency of the European Union. The German presidency’s agenda will be dominated by the Covid-19 pandemic and its grave consequences for social cohesion, the economy and the idea of a borderless Europe. Germany has to take the opportunity to help shape the ‘new start for Europe’.  The current crisis, which has pushed the European economies into economic and societal distress, requires decisive handling by Germany.  

Subject at the forefront of the Council presidency

Real GDP Growth Rate Forecast 2020

Group 1

1. Poland: -4.3%
2. Luxembourg: -5.4%
3. Austria: -5.5%
4. Malta: -5.8%
5. Denmark: -5.9%

Group 2

1. Romania: -6%
2. Sweden: -6.1%
3. Czech Republic: -6.2%
4. Finland: -6.3%
5. Germany: -6.5%
6. Slovakia: -6.7%
7. Portugal: -6.8%
8. Netherlands: -6.8%
9. Estonia: -6.9%

Group 3

Public Policy Advocates are now more than ever, of crucial importance, not only because of their knowledge of national and international regulatory frameworks, their capacity to build bridges of public-private understanding or ability to communicate the right messages at the right time, but also  because of their capacity to contribute through their work and strategic vision to anticipate the needs of a country, a region, a community that is going to have to act with the same speed with which it fell into the health crisis if it does not want the breakdown of the social contract to become a

At the initiative of Pascal Canfin, Chair of the Environment Committee at the European Parliament, 180 political decision-makers, business leaders, trade unions, NGOs, and think tanks have come together to form a European alliance for a Green Recovery.

Associations at EU level (Alphabetical Listing)

1. Airlines
2. Automakers
3. Beauty
4. Biotech Industries
5. Car Rental Agencies
6. Casinos
7. Construction
8. Conventions
9. Cruise Operators
10. Cultural Events
11. Energy
12. Festivals
13. Film Production
14. Financial Markets
15. Food service (Full- and Limited-Service Restaurants, Caterers, Buffets)
16. Gyms and Fitness
17. Hotels
18. Insurance Companies
19. Live sports
20. Manufacturing
21. Movie Theaters
22. Oil and Gas
23. Oil Field Service Providers

The EU’s current building stock

After the crisis ends, air fares will inevitably return to the high levels of many years ago. It is definite that after the crisis passes, the global civil aviation industry will be completely different from what it has been up until now.

Even if not many airlines go under, most of the survivors will be in desperate straits, and the competition laws will therefore also be changed. Companies like Ryanair will not be able to continue selling tickets at low price.