The economic costs of the coronavirus shutdown for selected European countries: a scenario calculation
European Network for Economic and Fiscal Policy Research, Munich
2020
epidemic disease ; economic situation
EconPol Policy Brief
25
Economic development
https://www.econpol.eu/sites/default/files/2020-04/EconPol_Policy_Brief_25_Corona_costs_Europe.pdf
English
Statistics
"This paper presents scenarios of the shutdown costs related to Covid-19 in terms of lost value added for Austria, France, Italy, Germany, Spain, Switzerland and UK: the shutdown phase will lead to considerable production losses and large declines in GDP this year and, lasting longer than a month, the losses within the EU quickly reach dimensions well beyond the growth slump of previous recessions or natural disasters. Shutdown costs justify almost every conceivable investment in health policy measures which allow to combine a resumption of production with further fight against the epidemic."
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