EUROPE’S CONSULTING INDUSTRY AND COVID-19

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