‘Act fast and do whatever it takes’ to fight the COVID-19 crisis, say leading economists

-Leading economists urge governments to bring out the ‘big artillery’ to fight the economic fallout caused by the COVID-19 pandemic.

-Unconventional policy options such as ‘helicopter money’ should be on the table, they argue.

-Governments will need to reduce personal and corporate bankruptcies, ensure people have money to keep spending even if they’re not working, and increase public investment and healthcare spending, the economists say.

 
As the list of countries shutting down in the face of the coronavirus pandemic continues to grow, leading economists from around the world are calling for radical action to fight the economic fallout.

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Πηγή: weforum.org