Our Reality: Bounce Back

COVID-19 has had severe impacts on our economy and society.

To control the spread of the virus, countries have closed borders, restricted travel, moved education online, and severely limited social activities. Supply chains have been disrupted, bringing economies to a standstill.

According to the International Monetary Fund, the world economy shrunk by an estimated 3.9% in 2020. The most affected have been women, young people, the poor, the informally employed, and those who work in contact-intensive sectors. But we all have experienced the consequences in one way or another!

How are our society and our economy recovering from the pandemic?

Thanks to vaccination and re-opening plans worldwide, we are just beginning the process of overcoming the COVID-19 health crisis. Now the urgent challenge is to prioritise recovering from the economic and social crises. Bold leaders worldwide are already Bouncing Back in creative and exciting ways!

How can YOU help?

The Bounce Back Innovation Challenges are looking for innovative ideas and existing projects to address social and economic recovery, such as:

New Business Creation to solve current needs, Industry Re-Invention through technology, Businesses Pivoting to adapt to the pandemic, and many more!

Their goal is to create a worldwide portfolio of ideas and solutions so we can all learn how to Bounce Back stronger!

Do you want to know more about Bounce Back Innovation Challenges?

Follow @bouncebackchallenges to find out more about their upcoming Challenges!