A micro blog that covers economic impact of the Covid-19 virus pandemic,
and the monetory and fiscal policies implemented in response to it.
24 Mar 2020:
Barclays Bank predicts a global growth scenario with a sharp contraction during H1, followed by a gradual recovery, but resulting in a 2020 recession similar to 2009.
23 Mar 2020:
A note from the the St. Louis Fed shows that higher income workers are more likely to be able to work from home,
while those in the annual income bracket less that $35,000 USD the least likely.
At the global level too, the low income countries will feel the pain of the crisis.
World bank group president David Malpass
urged G20 leaders to allow the poorest countries to suspend all debt repayments so that they have resources to fight the pandemic.
19 Mar 2020:
CBS News White House Correspondent Ben Tracy
tweeted that the President has signed the “phase two” Coronavirus relief bill (for
paid sick leave + unemployment benefits), and the $1 trillion or more “phase 3” stimulus
bill is with Congress.
ECB announced a €750
billion Pandemic
Emergency Purchase Programme (PEPP).
Bill Gates tweeted that he did an AMA on reddit about the Coronavirus.
Read it here.
18 Mar 2020: EU Co-president Charles
Michel tweeted that the EU would co-ordinate a temporary
restriction on non-essential travel to the EU for 30 days. EU Citizens will be
able to return home.
Donald Trump tweeted the whitehouse recommendations "15 Days to
slow the Spread"
