Business Fear Of COVID Is Waning, But Delta May Yet Wreck The Party

Business Fear Of COVID Is Waning, But Delta May Yet Wreck The Party
Andrew Rummer

over 2 years ago1 min

Mentioned in story

While discussion of the coronavirus pandemic on corporate conference calls continues to slide, fears surrounding the so-called Delta variant might just be getting started.

The chart’s top panel shows how mentions of “COVID” and “coronavirus” on management calls with analysts and investors have dropped to less than half the level of May 2020. In the bottom panel, however, you can see how mentions of “delta” have spiked in the past two months. 

The highly infectious Delta variant is delaying the reopening of economies from the US to China. Its spread has pushed companies including Google and Amazon to postpone plans to return employees to the office and forced the cancellation of events like the New York International Auto Show. Investment banks from Goldman Sachs to JPMorgan have cut their growth forecasts for China after the government reimposed lockdown measures to tackle the outbreak. 

It may be some time yet before corporate bosses – and their shareholders – can finally put COVID behind them.



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