Post-COVID-19: China May Face an L-Shaped Economic Recovery

Before COVID-19, China’s economy was expected to grow approximately 5.5% this year, just enough to accomplish its goal of doubling GDP per capita between 2011 and 2020. Considering the current situation, this is going to be difficult to achieve. It’s no surprise that China’s economic growth is slowing amid COVID-19. China Growth Targets There’s still […]

Post-COVID-19 Indian Economy: Slow Growth and Silver Linings

Last year, the Indian economy was growing at just under 5%. Everyone agreed that this year, growth will be negative, that the economy will contract. That means a growth decline of at least five percentage points, if not more, in just one year. Such a sharp decline can mean a very disruptive and difficult adjustment […]

U.S. Employment Outlook: The Impact of COVID-19

COVID-19 has taken a toll on public health and the economy. While our leadership reckons with the crisis, the numbers have continued to climb in terms of the damage done. Shelter-in-place restrictions are showing signs of working to mitigate the spread of the virus, but the concomitant damage done to our economy and the resulting […]

Governor of Maryland on Reopening the U.S. and the Impact of COVID-19

Across the U.S. today, an increasing number of states are either reopening or feeling the economic pressures to reopen despite the guidance of the Centers for Disease Control and Prevention (CDC) and public health officials. The question remains, however, how much can the economy recover if people do not feel safe participating within it? And […]

COVID-19: Assessing the Economic Impact on Australia

COVID-19 has affected economies more quickly than any event in recent memory, surpassing even the crisis of 2008. Its devastating impact on the global economy has not spared Australia. This is a challenging time for everyone, including economists. I’ll break it down into several parts to try and understand what is happening today. COVID-19 and […]

Former Kansas Governor’s Take on the U.S. Response to COVID-19

COVID-19 continues to have a global impact on public health and the world’s economies. In the U.S., infections continue to rise, and officials still see the worst ahead. This means that the economy remains virtually on pause while politicians, economists, and health officials attempt to construct the most rational response. To learn more about this […]

Italy Needs Europe’s Support to Avoid Further Economic Damage due to COVID-19

Even before the novel coronavirus severely struck Italy, the country was already in bad shape economically. At the end of last year, GDP was down 0.3% during the final quarter. A couple of weeks after two COVID-19 clusters were discovered in northern Italy, the government locked down the entire country. Every month of full lockdown […]

Australians Need to Do Their Part to Flatten the Coronavirus Curve

This level of disease and transmission is unprecedented in our modern time, and while we can learn some lessons from history, today’s COVID-19 situation is very fluid. Various influenza viruses have occurred over time. Spanish flu hit Europe and America in about 1918 and reached Australia in January 1919. The H1N1 pandemic was the most […]

Assessing the Economic Impact of COVID-19 in the UK

The United Kingdom under Prime Minister Boris Johnson issued a stay-at-home order for the country on March 24. To find out how these measures and economic stimulus from the government will affect the country, on March 30, Conor Akin of GLG’s Political and Economic Affairs team spoke with Jonathan Portes, Professor of Economics and Public […]

Survey Reveals Small Business Concerns Around COVID-19 Impact

In a scant two weeks, COVID-19 has had a considerable impact on the way business is conducted. With uncertainty in the air, most businesses have shut down their offices and asked their employees to work from home. Meanwhile, the economy itself has taken a hard hit, and while the government worked to formulate and agree […]