How do countries differ in their response to the coronavirus economic crisis? | Ricardo Reis
by Ricardo Reis from on (#51N87)
There is no right or wrong way for governments to deal with the financial impact of coronavirus - only trade-offs
It is almost certain that 2020 will be a recession year in every advanced economy. Most affected countries have by now adopted strict lockdown measures. The economic statistics already coming in are abysmal, from unemployment claims to sales in the hospitality sector. It is almost impossible for most people to work or spend as much as they used to. A tree does not bloom in frost, and a frozen economy does not produce income.
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