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Global Economics Update Preventing layoffs won’t stop income squeeze Many countries have now announced wage-subsidy programmes to prevent widespread layoffs. Household incomes will still be severely squeezed by pay cuts. Nonetheless, limiting the rise in unemployment... 20th April 2020 · 4 mins read
Global Economics Update Modelling the shock to OECD household spending The early evidence suggests that household consumption in OECD economies may not have collapsed by as much as many fear in March. But as the boost from food stockpiling fades, overall consumer... 17th April 2020 · 4 mins read
Global Economics Update Five key points on global financial stability The IMF published the first chapter of its Global Financial Stability Report on Tuesday, in which it argued that the COVID-19 crisis poses “a very serious threat to the stability of the global... 16th April 2020 · 5 mins read
Global Economics Update How will the lockdown be lifted? Different countries will adopt different approaches to ending shutdowns but a common theme is likely to be that restrictions are phased out gradually by sector and, perhaps, region. The extent to... 15th April 2020 · 4 mins read