Coronavirus: Study reveals economic impact of global lockdowns from Covid-19 - News Summed Up

Coronavirus: Study reveals economic impact of global lockdowns from Covid-19


The study published in journal Nature Human Behaviour looked at the economic impact of global lockdowns during the coronavirus crisis. The researchers found that countries not directly affected by the virus would still experience large economic losses as a result of containment policies in countries that were directly affected. Increasing the duration of an 80 per cent lockdown from two to four months increased the global economic losses from $20 trillion to $22.7 trillion. A ‘go-slow’ approach to lifting restrictions may reduce overall damages if it avoids the need for further lockdowns," the study states. "Regardless of the strategy, the complexity of global supply chains will magnify losses beyond the direct effects of Covid-19.


Source: Stuff June 06, 2020 03:56 UTC



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