In the News

How to avoid a W-shaped global coronavirus recession

Graham Watson

4th May 2020

A Project Syndicate piece here on how to ensure that we don't have a W-shaped coronavirus recession.

Jeffrey Frankel argues that it's all very well providing short-term stimulus, but if we want to avoid the worst long-term consequences of the ongoing pandemic, governments need to be prepared to maintain the stimulus for a period of time, or risk a W-shaped recession.

It's interesting largely because the article draws parallels between the Spanish 'flu pandemic of 1918 and today's events in a way that I haven't seen too often in the coverage of the crisis so far.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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