The Uncertain Economic Impact of the Pandemic

Summary

The enormous human cost of the coronavirus crisis is in addition to a considerable global economic impact, which will almost certainly lead to negative growth rates in most of the advanced economies.

Key points

• Key points:
• The loss of production is very uncertain given that the economic shock linked to a shelter-in-place situation is more reminiscent of a war than a typical economic cycle.
• Authorities in all countries hit by the coronavirus are taking all kinds of monetary, fiscal, and regulatory measures to avoid corporate bankruptcies, funding problems and permanent redundancies once activity returns to normal.

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