Limiting the economic fallout of the coronavirus with large targeted policies. In R. Baldwin & B. Weder di Mauro (Eds.), Mitigating the COVID economic crisis: Act fast and do whatever it takes (pp. 41–47). London, UK: CEPR Press (Centre for Economic Policy Research).
The chapter emphasizes that the drop in manufacturing sectors because of COVID-19 is comparable to the start of the global financial crisis in 2008. However, the decline in service sectors appears larger this time. The pandemic has caused both supply and demand shocks. On the supply side, since many firms rely on intermediate goods produced…Read More
Canadian outlook summary: Spring 2020. Ottawa, ON: Conference Board of Canada.
With the outbreak of COVID-19, the Conference Board of Canada predicts GDP to increase by only 0.3% in 2020, and then rebound to 2.5% in 2021. It expects that approximately 138,000 jobs will be created in 2020, down from 391,000 in 2019 (a 65% decrease). Nevertheless, this decline in employment is expected to have minimal…Read More
Covid-19 and the Canadian workforce. Ottawa, ON: Canadian Centre for Policy Alternatives.
As a result of COVID-19, many workers will become unemployed and will be forced to turn to Employment Insurance (EI) to make ends meet. The report notes that policy interventions and changes made to EI during the SARS outbreak in 2003 were effective in supporting those affected by the economic fallout from that health crisis.…Read More
Communication from the Commission to the European Parliament, the European Council, the Council, the European Central Bank, the European Investment Bank and the Eurogroup: Coordinated economic response to the COVID-19 outbreak. Brussels, Belgium.
his report lays out the European Commission’s measures for ensuring the necessary healthcare supplies, alleviating the negative impact on employment, supporting the banking sector and businesses (especially small and medium-sized enterprises [SMEs]) with liquidity and providing aid to EU members. To reduce the negative effects of the COVID-19 pandemic, the Commission will assist EU members…Read More
Economic and Fiscal Snapshot 2020. Ottawa, ON: Government of Canada.
This report reflects on the policies and initiatives taken by the federal government to protect and support Canadians and Canadian businesses from the impacts of the pandemic. Canada’s COVID-19 Economic Response Plan was designed to provide rapid support that targeted those who need it the most. Offering an overview of the health and economic situation…Read More