Lives and Livelihoods

Northern Trust
By May 22, 2020 09:38

Lives and Livelihoods

After weeks in lockdown, many major economies are easing restrictions to reboot economic activity. Unfortunately, they are faced with a difficult tradeoff between lives and livelihoods. A slow reopening will limit a renewed viral outbreak, but will also prolong the stress on workers and firms. The economic impact of COVID-19 has started to fully materialize, with major countries experiencing contractions in the first quarter. The second quarter is likely to be far worse. Economic activity is expected to recover in the second half of the year, but will be graded by four curves. Policymakers will continue to deploy additional support measures, but the room for further large scale stimulus is diminishing. 

Northern Trust
By May 22, 2020 09:38

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