Business plans are impossible to draft

Major groups in sectors such as tourism, transport, retail commerce and infrastructure management are facing crucial decisions even though they do not have the necessary figures and information yet. Restarting in recessionary conditions, and mainly under the unprecedented health regulations, is an equation with too many unknown factors.

Without knowing the extent of the slump in demand to come, it is impossible for reliable business plans to be drafted for the short or medium term. Social distancing and other precautionary health measures may entail particularly high costs that cannot be calculated at the moment, as the relevant protocols are still under formation.

Other unknown factors at the moment are the extent of state support and the incentives for restarting an economic activity.

Consequently a considerable number of large enterprises, accounting for...