From the Ground: Turkish COVID-19 fight

August 4, 2020
Turkey’s cities are back to their daily hurley-burley after most of the restrictions to stop the spread of COVID-19 were lifted. The return to the old normal, with crowds on the streets, packed public transport and traffic jams, happened so fast that the time when the cities appeared apocalyptically quiet and still during the curfews […]

IMF Projects a Great Lockdown Global Recession

April 22, 2020
The International Monetary Fund (IMF) has projected that a best-case scenario sees global GDP growth falling to negative 3 percent in 2020 (IMF). Their worst-case scenario, in which the pandemic’s spread does not diminish in the second half of 2020, subtracts an additional 3 percent from GDP growth (IMF). Before the coronavirus pandemic began circulating […]

Coronavirus Pandemic Set to Ravage Britain’s Economy

March 31, 2020
Economists warn that Britain’s economy is facing a coronavirus-induced recession that could mirror the 2008 financial crisis (FT 1). There is vast uncertainty over the depth and timeline of the forecasted recession, but with unemployment surging most economists agree it is unavoidable (FT 1). Britain faced criticism from Devi Sridhar, chair of global public health […]

Coronavirus Causes Substantial U.S. Economic Intervention

March 20, 2020
Coronavirus in the U.S. created volatile stock markets with analysts warning that more than half of American jobs are at risk to be lost. The Dow Jones industrial average dropped more than 2,997 points on Monday, marking its largest single-day point drop in history (WP 1). Following the plunge, Treasury Secretary Steve Mnuchin announced a […]