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How to avoid a W-shaped global coronavirus recession

Graham Watson

4th May 2020

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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.

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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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