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lockdown vs world economy

Albert Smith
Հեղինակ`
Albert Smith
17:40, հինգշաբթի, 25 փետրվարի, 2021 թ.
lockdown vs world economy
     This is a crisis like no other, and there is substantial uncertainty about its impact on people’s lives and livelihoods. A lot depends on the epidemiology of the virus, the effectiveness of containment measures, and the development of therapeutics and vaccines, all of which are hard to predict. In addition, many countries now face multiple crises—a health crisis, a financial crisis, and a collapse in commodity prices, which interact in complex ways. Policymakers are providing unprecedented support to households, firms, and financial markets, and, while this is crucial for a strong recovery, there is considerable uncertainty about what the economic landscape will look like when we emerge from this lockdown. Big shifts in stock markets, where shares in companies are bought and sold, can affect the value of pensions or individual savings accounts (Isas) .
    
     Many economists have warned that lockdown measures around the world will accelerate job losses — that’s already showing up in unemployment numbers in several economies. Even among advanced economies, renewed lockdowns in Europe in a bid to stave off a resurgence in infections could push back economic recovery, according to economists."The vaccine discovery is a shot in the arm, but not until 2022, " Citi economists said in a report in early December. Still, there will be "clear improvement" in the global economy in 2021, partly because "it’s not hard to be better than 2020, "
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