Virus likely to remain longer, perpetuating consumer pessimism: Deloitte

The virus is more likely to remain longer, perpetuating consumer pessimism, consulting company Deloitte assesses in the report.

The authors of the report write that the rapid expiry of the pandemic would cause a surge of hope, optimism and the will to fight, which, combined with the lack of significant structural problems in the economy, would give a chance for rapid recovery.

“However, looking at the development of events in Poland and in other countries, it is difficult at this moment to count on the fact that the virus will disappear, we will forget about it and smoothly return to what it was. It is much more likely that we will have to learn to live and develop the economy in a situation of a still-present threat, at least in the coming months (if not years), which may perpetuate pessimistic moods in a large part of the society,” the report reads.

(PAP)