Cost of contagion: Economics in a race with coronavirus

Arab News | Mar 26, 2020 at 8:04 PM
  • With the coronavirus devastating one economy after another, the economics profession — the underpinning for sound policymaking and crisis management — is having to play catch-up.
  • Governments and central banks are pursuing unprecedented measures to mitigate the global downturn, lest a now-certain recession gives way to a depression.
  • In pursuing these avenues of inquiry, many researchers in advanced economies will find themselves rubbing up against development economics — from crisis management and market failures to overcoming adjustment fatigue and putting in place better foundations for structurally sound, sustainable, and inclusive growth.