This article was first published on April 2, 2020.
Editor's note: Oliver Wyman is monitoring the COVID-19 events in real time, and we have compiled resources to help our clients and the industries they serve. Please continue to monitor the Responding To Coronavirus Hub for updates.
China’s effective response to the COVID-19 outbreak is translating into promising signs of economic recovery. While short-term downturn is inevitable, with active government stimulus, the country’s long term growth trend remains. As the rest of the global geographies continue to battle the rapid spread of the pandemic, challenges and opportunities abound for the financial services sector. Embracing digitalization, strategic focus on healthcare, as well as preparedness for recession and risks should be key agenda items for executives.