STANDARDS AND FOUNDAMENTALS IN BUSINESS CRISES

STANDARDS AND FOUNDAMENTALS IN BUSINESS CRISES

It is undeniably true that the COVID-19 pushed the global economies into a unexpected “recession” and this must be managed now either from a political and economical point of view cause still, its impact is pretty much unkown.

Though that from a statistical point of view this impact could be measured in term of how macroeconomics variables will be changing and impact the economical landscape.

Smart working for entrepreneurs and advisors is a visible changing paradigm but how businesses will impact on the growth of activities will strictly depend on the use of new technologies.

Looking back to the Banks that produced such a level of financial instability with the same “method” since second world war inward, so that, one should think they will be more and more keen into using smart technologies to monitoring borrower’s financial and credit risk instead of insisting to ignore the adventure of arising and transforming technologies and cryptocurrenies.

This will create an economic society more keen and oriented with compelling smart business information instead of being “slave” of the old economy that has been already transforming into digital.

 

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Written by dott. Andrea Lupini Chartered Professional Accountant 


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