Template-Type: ReDIF-Paper 1.0
Author-Name: Frederic Boissay
Author-X-Name-First: Frederic
Author-X-Name-Last: Boissasy
Author-Name: Phurichai Rungcharoenkitkul
Author-X-Name-First: Phurichai
Author-X-Name-Last: Rungcharoenkitkul
Title: Macroeconomic effects of Covid-19: an early review
Abstract: Past epidemics had long-lasting effects on economies through illness and the loss of lives, while Covid-19 is marked by widespread containment measures and relatively lower fatalities among young people. The short-term costs of Covid-19 will probably dwarf those of past epidemics, due to the unprecedented and synchronised global sudden stop in economic activity induced by containment measures. The current estimated impact on global GDP growth for 2020 is around -4%, with substantial downside risks if containment policies are prolonged. Output losses are larger for major economies.
Length: 9 pages
Creation-Date: 2020-04-17
File-URL: https://www.bis.org/publ/bisbull07.pdf
File-Format: Application/pdf
File-Function: Full PDF document
File-URL: https://www.bis.org/publ/bisbull07.htm
File-Format: text/html
Number: 7
Handle: RePEc:bis:bisblt:7