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- A Preliminary Assessment Of The Possible Economic Impact Of The Coronavirus Outbreak: Update
A Preliminary Assessment of the Possible Economic Impact of the Coronavirus Outbreak: Update
Pub. Date
27 March, 2020
Pub. Type
Main points
- The coronavirus pandemic has triggered a global economic shock. We provide an exploratory analysis of its impact on the global economy
- The channels we focus on are a reduction in labour, a reduction in expenditure and investment, an increase in uncertainty, and a temporary shutdown in some sectors
- Not accounting for substantial policy responses, the underlying impact on global GDP growth may be similar in magnitude to the financial crisis of 2008/9.
Funders
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