Study reveals slow easing of lockdowns might be good for global economy - Easier rebound
The study found that stricter lockdowns imposed earlier - such as the two-month lockdown imposed in China - are economically preferable to more moderate lockdowns imposed for four or six months, as the duration of lockdown matters more to economies than their severity. This is because businesses can absorb the shock of a brief lockdown better by relying on reserves and because shorter lockdowns cause less disruption to regional and global supply chains. This is the first peer-reviewed study to comprehensively assess potential global supply chain effects of Covid-19 lockdowns, modelling the impact of lockdowns on 140 countries, including countries not directly affected by Covid-19.
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