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Other research product . Other ORP type . 2020

How different will this time be? Assessing the prospects for economic recovery from the Covid-19 crisis

Begg, Iain; Qian, Jun;
English
Published: 23 Apr 2020
Publisher: London School of Economics and Political Science
Country: United Kingdom
Abstract
Covid-19 has already generated a sharp fall in global GDP and a rapid rise in unemployment, but what kind of recovery can we expect once the crisis passes? Iain Begg and Jun Qian write that in the most optimistic scenario, the world will experience a return to trend growth once lockdowns are lifted. The more worrying possibilities are that a short-lived recovery could be followed by a further downturn, or that the outbreak could wipe out economic capacity permanently in some countries, with trend growth resuming from a lower base.
Subjects

HV Social pathology. Social and public welfare. Criminology, HJ Public Finance, RA0421 Public health. Hygiene. Preventive Medicine

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Other ORP type . 2020
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