Financial Impact Analysis of Covid-19 In Australia (Segment C)

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April 14, 2022


The report attempts to assess the Financial impact of Covid-19 on the Banking, Financial Services, Information Technology Industries in Australia

  1. This report highlights the revenue and cost impacts of the various Industries in Australia due to the pandemic and the lockdowns enforced by the Government
  2. It is observed that in the IT industry the long term projects have been either put on hold or they are facing significant delays whereas other recurring costs pertaining to the employees, security and Growth have remained constant
  3. The Banking sector has received less investment in long term products whereas they are also skeptical to process loans due to the volatility
  4. The costs incurred has increased with Investment in new technology, changing operating models and pandemic related expenses