Lockdowns and stay-at-home orders have saved lives around the world, but these measures alone aren’t responsible for the unprecedented global economic downturn. IMF economist Francesco Grigoli discusses his findings on why the pandemic is affecting young and old, rich and poor, and men and women in very different ways.
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International Economics: IB Economics
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A collection of articles relating to the 'international' elements of Economics and relating to IB, Pre-U and A-Level Economics.
Curated by
Graham Watson
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The IMF's Francesco Grigoli looks at the impact of coronavirus, and the lockdown, on the global economy, considering both their impact on economic growth and the distributional effects of the pandemic.
It's fascinating stuff, and looks at some more unconventional economic indicators to highlight the effect of lockdown and social distancing on the global economy.