In a May 2020 survey, most surveyed CIOs across industries 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.
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Global CIOs and IT executives' economic recovery expectations for COVID-19, by industry
Characteristic
V-shaped: Sharp, brief decline in revenue, followed by a strong recovery in 2H 2020
U-shaped: Decline in revenue for 2-3 quarters followed by growth in 2021
L-shaped: Decline in revenue for 3+ quarters, followed by moderate growth for many quarters thereafter
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, by industry [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1121441/covid-19-recovery-expectations-by-industry/
Wikibon. "Global CIOs and IT executives' economic recovery expectations for COVID-19, by industry." Chart. May 27, 2020. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1121441/covid-19-recovery-expectations-by-industry/
Wikibon. (2020). Global CIOs and IT executives' economic recovery expectations for COVID-19, by industry. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1121441/covid-19-recovery-expectations-by-industry/
Wikibon. "Global Cios and It Executives' Economic Recovery Expectations for Covid-19, by Industry." Statista, Statista Inc., 27 May 2020, https://www.statista.com/statistics/1121441/covid-19-recovery-expectations-by-industry/
Wikibon, Global CIOs and IT executives' economic recovery expectations for COVID-19, by industry Statista, https://www.statista.com/statistics/1121441/covid-19-recovery-expectations-by-industry/ (last visited October 31, 2024)
Global CIOs and IT executives' economic recovery expectations for COVID-19, by industry [Graph], Wikibon, May 27, 2020. [Online]. Available: https://www.statista.com/statistics/1121441/covid-19-recovery-expectations-by-industry/
