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As the world wakes up to the full global threat of the COVID-19 pandemic, United Nations Secretary-General António Guterres has declared war on this virus. His message is clear: As a human family, we are in this together and we will get through it together. The spread of the virus will peak and our economies will recover.
In the meantime, we must act together to slow its spread and look out for each other, not least those who are most at risk — the elderly and the sick, the poor and the marginalized. Also, we must pay close attention to those most vulnerable to its economic impact: small businesses; workers in the supply chain; and women, who often shoulder a disproportionate burden of care.
Amidst the real and rising risk of a global recession, financial markets are plunging, and the U.N. Secretary-General has urged us to stay calm and collected: “This is a time for prudence, not panic. Science, not stigma. Facts, not fear.”
As a global business community, let’s be guided by this message of determination, solidarity and prudence in the weeks and months ahead. Let’s draw from the power of the Ten Principles of the United Nations Global Compact and stand united and face the COVID-19 pandemic.