A Post-War Playbook for a Post-COVID Recovery
The pandemic’s impact on major economies has so far been four times worse than that of the 2008 global financial crisis, while entire sections of many developing economies have been wiped out. Any policy intervention should treat the fight against COVID-19 like a war and the hardest-hit economies like conflict zones.
ROME – The world is not yet sufficiently alarmed by how much the COVID-19 pandemic has ravaged the global economy. We track the daily numbers of infections and casualties. But we are oblivious to the job losses and lives upended, especially in the developing world, where the pandemic has barely elicited a public-health response.