Co-authored by MV Credit Partners LLP
As the world watches the spread of COVID-19 across all continents, global economies are reacting to the impact and trying to foresee eventualities to mitigate the inevitable loss. There are some industries that will undoubtedly be more effected than others, and as with any economic crisis this will have a knock-on effect.
In this article we will consider the impact of COVID-19 on the finance industry and what this could mean for lenders and borrowers. Every downturn also brings opportunities, so we will also be speculating as to where we could see an upturn in the near future, not least because there is definitely enough negative news out there!