Threats of a second COVID-19 wave would lead to a severe economic hit and will delay economic recovery.
On a positive note, the Sep 20 forecast levels were somewhat elevated compared to the projections from Jun 20, which could be attributed to relaxation of lockdown restrictions and support measures from the Dutch government. However, a threatening second COVID wave would lead to another severe economic hit and economic recovery to be delayed to 2021.
As a consequence, the already vulnerable financial position of many companies would come further under pressure and management and stakeholders of (such) organisations need to be prepared for this scenario. In response to the first COVID wave, KPMG has demonstrated added value to parties facing financial challenges and we are available to support again.
Please reach out to Lourens van der Zijl should you have any questions or would like to discuss.
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