Coronavirus: what impact on the economy?

This health crisis will have significant economic repercussions, reflecting supply and demand shocks that are different from past crises. Large-scale targeted policies are necessary to support the economy through the epidemic, while keeping intact the network of economic and financial relationships between workers and businesses, lenders and borrowers, suppliers and end users so that activities can recover once the epidemic subsides. The goal is to prevent a temporary crisis from permanently harming individuals and businesses due to job losses and bankruptcies. (more…)