Author: Omer Karin; Yinon M. Bar-On; Tomer Milo; Itay Katzir; Avi Mayo; Yael Korem; Boaz Dudovich; Amos J. Zehavi; Nadav Davidovich; Ron Milo; Uri Alon
Title: Adaptive cyclic exit strategies from lockdown to suppress COVID-19 and allow economic activity Document date: 2020_4_7
ID: 5xfgmi2n_71
Snippet: Extended lockdowns are resulting in widespread unemployment and business bankruptcy. Governments step in to address these economic challenges and thus government expenditure skyrockets while revenues plummet. The implication of this is growing public deficits. Finally, consumer demand declined precipitously in part because purchases that conflict with the social isolation imperative are viewed by consumers as unsafe or simply banned outright by t.....
Document: Extended lockdowns are resulting in widespread unemployment and business bankruptcy. Governments step in to address these economic challenges and thus government expenditure skyrockets while revenues plummet. The implication of this is growing public deficits. Finally, consumer demand declined precipitously in part because purchases that conflict with the social isolation imperative are viewed by consumers as unsafe or simply banned outright by the government. Moreover, lower employment also means lower aggregate income and therefore consumption. To conclude, the Covid-19 induced crisis has led to an employment and business crisis on the supply side, a suppression of demand and growing government deficits. The longer the lockdown period, the worse these problems will become.
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