As I noted in a previous newsletter, the contraction in GDP last year was much larger than the contraction associated with the global financial crisis. There are two competing accounts of the “COVID-19 Recession”, as Wikipedia calls it. One claims that the reduction in economic activity is entirely due to voluntary behaviour change on the part of citizens. Another claims that it is due to
Lockdowns and GDP growth in the EU
Lockdowns and GDP growth in the EU
Lockdowns and GDP growth in the EU
As I noted in a previous newsletter, the contraction in GDP last year was much larger than the contraction associated with the global financial crisis. There are two competing accounts of the “COVID-19 Recession”, as Wikipedia calls it. One claims that the reduction in economic activity is entirely due to voluntary behaviour change on the part of citizens. Another claims that it is due to