Covid-19’s Economic Pain Is Universal. But Relief? Depends on Where You Live. - News Summed Up

Covid-19’s Economic Pain Is Universal. But Relief? Depends on Where You Live.


What distinguishes the United States from other countries “is not the nature of the bailouts. It’s the underlying structure,” said Carol Graham, a senior fellow at the Brookings Institution who studies safety nets. The United States, unlike most of the developed world, does not guarantee health care. While countries like Denmark have famously robust safety nets, even the Conservative government in Britain has, after years of austerity, adopted a similar approach. Economists expect about two million workers to receive aid under the program, more than during the financial crisis a decade ago.


Source: New York Times March 23, 2020 14:48 UTC



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