The varying economic effects of the virus so far

Data so far have shown a significant variation in how the virus has affected activity, with economies in Southern Europe hit very hard, the US suffering somewhat less and some Asian economies relatively unscathed. Differences are related to the timing and stringency of lockdowns, but the sectoral make-up of economies and the degree of policy support also seem to have played a role.
Jennifer McKeown Head of Global Economics Service
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