The excellent news is that the severe decline in economic activity was profitable in suppressing the unfold of the virus. By the end of the second quarter, the variety of new infections in the EU was very modest. Moreover, there are indications that economic activity is starting to broaden rapidly with out generating an enormous outbreak of the virus—although there have been isolated outbreaks. There are two factors which might be helping to keep away from a second general outbreak. First, it seems that rules about social distancing are principally being followed.
The findings sharpen the argument for aggressive and quick measures to offset the economic influence of the coronavirus crisis on businesses, even when these measures seem like pricey endeavors within the quick term...Read More