COVID-19

This is how likely a coronavirus-driven recession is, according to economists

The true global economic impact of the COVID-19 outbreak still remains to be seen. Image: REUTERS/Aly Song

Romesh Vaitilingam

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COVID-19

Even if the mortality of COVID-19 proves to be limited (similar to the number of flu deaths in a regular season), it is likely to cause a major recession.
Over 40% of respondents believe the COVID-19 outbreak will cause a major recession. Image: IGM Economic Experts Panel
The economic effects of COVID-19 coming from reduced spending will be larger than those coming from disruptions to supply chains and illness-related workforce reductions.
Almost 50% of respondents said that reduced spending would have bigger economic effects than disruption to supply chains or illness-related reductions in workforces. Image: IGM Economic Experts Panel
COVID-19 Eurozone economy
Many of the respondents believed that the Eurozone's economic policies were not prepared for the economic damage of the COVID-19 outbreak. Image: European IGM Economic Experts Panel
Europe recession COVID-19
The European panel strongly agreed with likelihood of a major recession caused by the COVID-19 outbreak. Image: European IGM Economic Experts Panel
COVID-19 economy supply chains
European experts believed that reduced spending would have a bigger economic impact than supply chain disruption. Image: European IGM Economic Experts Panel
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COVID-19Global HealthInequalityFinancial and Monetary SystemsSocial Protection
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