Protecting Productive Assets During the COVID-19 Pandemic
In understanding the economics of COVID-19, it is useful to start decomposing the issue in four parts: (i) the public health problem, i.e., the characteristics of the disease and its epidemiology; (ii) the impact of the disease on economic activity...
| Main Authors: | , , |
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| Format: | Policy Note |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/531231588341135709/Protecting-Productive-Assets-During-the-COVID-19-Pandemic http://hdl.handle.net/10986/33697 |
| Summary: | In understanding the economics of
COVID-19, it is useful to start decomposing the issue in
four parts: (i) the public health problem, i.e., the
characteristics of the disease and its epidemiology; (ii)
the impact of the disease on economic activity; (iii) the
connection between the two; and (iv) the economic policy
solutions to what has fast become a global pandemic that
threatens to destroy the economic and social fabric of
modern society. As of now, the infection is spreading
aggressively in Europe and the U.S, with vast pockets of
highly infected areas in Italy, Spain, and several U.S.
states (New York, New Jersey, California, Washington and
Texas). Many of these areas are in lockdown, with only
essential businesses operating, such as food stores,
pharmacies and gas stations. China has, as of today, shut
its borders to foreigners after a recent spike in new
infections imported from abroad. Epidemiologists suggest
that even after the eventual peak and slowdown, a second
wave might take place. |
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