In a May 2020 survey, 44 percent of surveyed CIOs said that they expect a U-Shaped economic recovery from COVID-19, with declines in revenue for the second and third quarters of 2020 followed by growth in 2021.
For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Fact and Figures page.
Global CIOs and IT executives' economic recovery expectations for COVID-19 worldwide
Characteristic
Share of respondents
V-shaped: Sharp, brief decline in revenue, followed by a strong recovery in 2H 2020
14%
U-shaped: Decline in revenue for 2-3 quarters followed by growth in 2021
44%
L-shaped: Decline in revenue for 3+ quarters, followed by moderate growth for many quarters thereafter
15%
None of The Above: Organizations is seeing acceleration in revenue post-COVID-19
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Wikibon. (May 27, 2020). Global CIOs and IT executives' economic recovery expectations for COVID-19 worldwide [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1121433/covid-19-recovery-expectations/
Wikibon. "Global CIOs and IT executives' economic recovery expectations for COVID-19 worldwide ." Chart. May 27, 2020. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1121433/covid-19-recovery-expectations/
Wikibon. (2020). Global CIOs and IT executives' economic recovery expectations for COVID-19 worldwide . Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1121433/covid-19-recovery-expectations/
Wikibon. "Global Cios and It Executives' Economic Recovery Expectations for Covid-19 Worldwide ." Statista, Statista Inc., 27 May 2020, https://www.statista.com/statistics/1121433/covid-19-recovery-expectations/
Wikibon, Global CIOs and IT executives' economic recovery expectations for COVID-19 worldwide Statista, https://www.statista.com/statistics/1121433/covid-19-recovery-expectations/ (last visited December 18, 2024)
Global CIOs and IT executives' economic recovery expectations for COVID-19 worldwide [Graph], Wikibon, May 27, 2020. [Online]. Available: https://www.statista.com/statistics/1121433/covid-19-recovery-expectations/
