Such a change is sorely needed. With overwhelming evidence of massive declines in consumption and production across countries, analysts in advanced economies must reckon, first and foremost, with a phenomenon that was hitherto familiar only to fragile/failed states and communities devastated by natural disasters: an economic sudden stop, together with the cascade of devastation that can follow from it. They will then face other challenges that are more familiar to developing countries.
And here's another article:
The economic trends that coronavirus won't change — Quartz
The longer the coronavirus pandemic persists, the more it shakes our belief in linear progress. From 9/11 to the financial crisis to the current global pandemic, we have experienced a major global shock roughly every 10 years. And each time, there are unanimous cries that " everything will change. "
Yet numerous trends that were underway before the current global shutdown began will not only continue, but accelerate. Here are five such undercurrents that will be reinforced by the pandemic. If nothing else, this list should give us a more confident view of the world of tomorrow.
US: Economic Relief Package Shortchanges Workers | Human Rights Watch
As applications for jobless benefits surge, visitors to the Department of Labor in New York are turned away at the door by personnel due to closures over coronavirus concerns, March 18, 2020.
The emergency Coronavirus Aid, Relief , and Economic Security (CARES) Act, passed on March 27, 2020, includes more worker and family protections than earlier proposals. However, the relief is temporary, despite the expected long-term impact of COVID-19 on the economy, and excludes informal and undocumented taxpaying workers. It also provides billions of dollars in public support to large companies without sufficient public oversight or restrictions.
Bloomberg - Are you a robot?
This may worth something:
How the coronavirus' economic toll could also affect public health | PBS NewsHour
The novel coronavirus pandemic has already begun to take its toll on the U.S. economy as businesses have shuttered, millions of Americans have been laid off and large swaths of the country have been told to shelter in place.
The financial implications are clear, though their full extent won't be known until the economy begins the task of getting back on its feet. But less clear are the public health consequences of the downturn.
While past recessions provide some insights, health economists emphasize that how the U.S. responds to this crisis will affect the number of people who die not only from the virus itself, but from the side effects of an economic downturn.
Coronavirus forecast to cut UK economic output by 15% | Business | The Guardian
The coronavirus pandemic could cause UK economic output to plunge by an unprecedented 15% in the second quarter of the year and unemployment to more than double, according to dire forecasts.
The centre said it expected the economy to have shrunk marginally in the first three months of the year by 0.5%, followed by the steepest economic contraction since comparable records began more than 20 years ago.
The predicted slump would dwarf the 2.2% contraction in the fourth quarter of 2008 as the banking crash took hold, marking by far the worst three-month period since at least 1997.
Social distancing yields $8 trillion in economic benefits, study finds - The Washington Post
It also found that moderate social distancing measures — including a seven-day isolation for anyone showing symptoms, a 14-day voluntary quarantine for their household, and significantly reduced social contact for those 70 and older — would halve the overall mortality to 1.1 million people.
Greenstone and Nigam used previously published work to set an average VSL of $11.5 million for American adults, which is in line with the number used by the federal government to assess clean-air regulations.
Michael Hiltzik: Economists warn against lifting the coronavirus lockdowns - Los Angeles Times
Until now, the voices warning against prematurely lifting stringent social regulations to combat the novel coronavirus have been those of doctors and epidemiologists.
But a blue-ribbon group of economists has just weighed in, and they agree -- virtually unanimously.
The economists agreed or strongly agreed with all three suggestions. Although a handful didn't answer all the questions or said they were "uncertain," not a single one disagreed.
Happening on Twitter
10 cases of coronavirus in Andaman & Nicobar, all attended Tablighi Jamaat event in Delhi. But this not the news. R… https://t.co/3PQ9leQDWy DivyaSoti (from India) Tue Mar 31 07:51:47 +0000 2020
While the impoverished country of Yemen braces for the coronavirus pandemic, US/UK-backed Saudi forces have continu… https://t.co/9yUukC5nNK BenjaminNorton Mon Mar 30 16:10:03 +0000 2020
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