Protecting Productive Assets During the COVID-19 Pandemic
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World Bank, Washington, DC
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In understanding the economics of
COVID-19, it is useful to start decomposing the issue in
four parts: (i) the public health problem, i.e., the
characteristics of the disease and its epidemiology; (ii)
the impact of the disease on economic activity; (iii) the
connection between the two; and (iv) the economic policy
solutions to what has fast become a global pandemic that
threatens to destroy the economic and social fabric of
modern society. As of now, the infection is spreading
aggressively in Europe and the U.S, with vast pockets of
highly infected areas in Italy, Spain, and several U.S.
states (New York, New Jersey, California, Washington and
Texas). Many of these areas are in lockdown, with only
essential businesses operating, such as food stores,
pharmacies and gas stations. China has, as of today, shut
its borders to foreigners after a recent spike in new
infections imported from abroad. Epidemiologists suggest
that even after the eventual peak and slowdown, a second
wave might take place.
Palabras clave
CORONAVIRUS, COVID-19, PANDEMIC RESPONSE, PERSONAL PROTECTIVE EQUIPMENT, HEALTH WORKERS, PRODUCTIVITY, SOCIAL DISTANCING, LABOR SUPPLY, RECESSION, PUBLIC EXPENDITURE, VIRUS-FREE WORKPLACE, FINANCIAL CRISIS, PUBLIC GUARANTEE, SMALL AND MEDIUM SIZE ENTERPRISE, SME FINANCE, INCOME SUPPORT, FISCAL IMPACT, LIQUIDITY INJECTION, TESTING CAPACITY, CONTACT TRACING SYSTEM, HOSPITAL CAPACITY, SUPPLY OF MASKS, FOOD SECURITY, HEALTH CRISIS, TELEMEDICINE, E-GOVERNMENT