Trade-off between health and wealth?
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Recent statistics released by the IMF (Figure 1) provide a comparative on the significant impact that COVID-19, and the lockdown in fighting and containing the pandemic has on global economies. The IMF forecasts that the impact is expected to be more devastating than the growth experienced in the aftermath of the Global financial crisis in 2009. The Euro area is where the most severe impact is envisaged, with estimates of economic contraction at almost 8%. This is followed by the United States with an estimated contraction of 6% and Japan contracting slightly more than 5%. China and India are expected to post positive growth at 2% and 1% respectively.
Impact of COVID-19 , Health , Economy
Salim, K., Mahomed, Z., Abdul Hamid, B., Abu Bakar, N. H. A., Hassan, W., & Shamsudheen, S. V. (2020). Trade-off between health and wealth? IF Hub, 2 (June 2020), 23-29.
Trade_off_between_health_and_wealth_Kinan et al.pdf
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