The COVID-19 pandemic is an intertwined public health and economic event.
In my previous article on 23 March 2020, I highlighted importance of “Janata Curfew” (voluntary curfew) in India.
In February, the general consensus between large investment banks and supranational entities was that there would be a one-time hit on GDP in the first quarter from the coronavirus impact, followed by a stronger, V-shaped recovery. IMF expected a modest correction of global GDP of 0.1%, and the largest cut on estimates for 2020 growth was 0.4%.
Corona viruses are large family of viruses which cause illness in animals and humans.
Providing sick pay to workers is often discussed in terms of fairness or social insurance against the risk of declining income, but it also has an important public health dimension.
As the COVID-19 pandemic gathers momentum, history offers too few data points The Spanish Flu is the nearest comparison – similarities are matched by differences Clinical trials have started, but the rise in new cases is slowing in China already Global economic growth will suffer, but monetary and fiscal stimulus should support stocks
Back in the mid-1980s, when I worked for a few years at the San Jose Mercury News as an editorial writer, my boss would sometimes remind us (channeling Murray Kempton): "An editorial writer is someone who comes down from the hills after the battle is over and shoots the wounded."