Coronavirus Economic Effects Might Last Decades, UC Davis Research Suggests
The economy could be suffering the effects of the coronavirus for decades, suggest economists at the University of California, Davis, who researched the financial effects of pandemics dating back to the 14th century. “If the trends play out similarly in the wake of COVID-19 — adjusted to the scale of this pandemic — the global economic trajectory will be very different than was expected only a few weeks ago,” the authors wrote in a working paper published this week. “Pandemics are followed by sustained periods — over multiple decades — of depressed investment opportunities.”
Media Coverage: Barron's,