.Jess_Irvine: Measures deployed to tackle COVID-19 are likely to keep us in economic stasis for much longer than initially expected
On August 19, 1930, the two sides of Sydney’s Harbour Bridge touched in the middle for the very first time. Construction had begun back in 1923, with giant piers built on the northern and southern sides of the harbour.
Far from an immediate "bounce back" or "snap back" to a pre-COVID-19 world, the rest of 2020, and perhaps beyond, is likely to herald an ongoing global process of trial and error, in which we restart parts of our economy, perhaps only to shut them down again if infections spike. But it stresses: "There is extreme uncertainty around the global growth forecast." Indeed: "Risks of a worse outcome predominate."
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