The economic costs of the coronavirus shutdown for selected european countries: A scenario calculation
This paper presents scenarios of the shutdown costs in terms of lost value added for Austria,
France, Italy, Germany, Spain, Switzerland and UK. The shutdown phase will lead to
considerable production losses and large declines in GDP this year. Lasting longer than a
month, the losses within the EU quickly reach dimensions well beyond the growth slump of
previous recessions or natural disasters. Shutdown costs justify almost every conceivable
investment in health policy measures which allow to combine a resumption of production …
France, Italy, Germany, Spain, Switzerland and UK. The shutdown phase will lead to
considerable production losses and large declines in GDP this year. Lasting longer than a
month, the losses within the EU quickly reach dimensions well beyond the growth slump of
previous recessions or natural disasters. Shutdown costs justify almost every conceivable
investment in health policy measures which allow to combine a resumption of production …
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