Fri, 04/03/2020 - 12:00
- This paper presents scenarios of the shutdown costs related to Covid-19 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 and, lasting longer than a month, the losses within the EU quickly reach dimensions well beyond the growth slump of previous recessions or natural disasters.