The Economic Impact of Covid-19

The Covid-19 pandemic has impacted the UK, and global, economy in a variety of ways. Lockdowns closed many businesses, jobs were either permanently or temporarily lost and school pupils’ learning interrupted. It has left countries counting the costs of these measures.

Throughout the pandemic, the National Institute of Economic and Social Research charted the effects. We successfully contributed to the debate and suggested a wide range of measures to assist with policy response.

Covid-19 India Tracker

Together with researchers at Cambridge Judge Business School, NIESR has been working with Health Systems Transformation Platform in India, to provide a tracker that provides near term forecasts of the trajectory of the pandemic in India.

Devoted to the states and union territories, it identifies those that are at high risk of increases in infection incidence. The forecasts are published weekly and are based on a structural time series model that uses historical data in estimation but adapts to the trend emerging in the most recent period.

To view the latest tracker, please visit the Judge Business School website


You can also find further reading on the Economics Observatory website – a new website that seeks to answer questions from policy-makers and the public about the economics of the Covid-19 crisis and the recovery.

“I miss the honey lady: How one resident helped her community to understand what is truly valuable”, 14 August 2020, Prospect, Jagjit Chadha

“Extending the furlough scheme would cost little – and benefit the whole of the UK”, 4 August 2020, The Guardian, Garry Young

“Robust public policies will determine the economic outlook for the UK”, 29 July 2020, Prospect, by Jagjit Chadha

“How universities can embrace the post-Covid future”, 19 June 2020, The New Statesman, by Peter Dolton

“Coronavirus queues are giving Britons a lesson in simple economics”, 18 June 2020, The Independent, by Jagjit Chadha

“Why Covid-19 should change the conversation on migrant workers”, 18th May 2020, New Statesman, by Andrew Aitken and Chiara Manzoni

“How bad is the economic damage looking—and what are the prospects for recovery?”, 13th May 2020, Prospect, by Jagjit Chadha

Jagjit Chadha hosts our Economists’ Briefing webinar on 29th April 2020

“The economy that fell to Earth” – 18th April 2020, Prospect, by Jagjit S Chadha​

Dr Garry Young discusses the economic impact of COVID-19 on Yicai TV (YouTube)

“The only lasting antidote to pandemics is a stronger civic society” – 29th March 2020, New Statesman, by James Noyes and Adrian Pabst

“Universal basic income sounds appealing—but it’s the wrong response to coronavirus” – 23rd March 2020, Prospect Magazine, by Jagjit Chadha

“Containing the Dollar Credit Crunch” – 18th March 2020, Project Syndicate, by Philip Turner