Lockdowns are not sustainable, says economist Hausmann
They could slow the spread of the coronavirus but will come at huge cost to the economy and may lead to a jobs bloodbath
02 April 2020 - 20:41
A lockdown is not sustainable and can bankrupt economies, especially those without fiscal space, says renowned economist Ricardo Hausmann.
Fiscal space generally refers to the availability of budgetary room that enables a government to provide resources for a desired purpose without compromising its ability to finance its operations and other obligations such as debt servicing...
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