The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep...

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The 2020 Pandemics: An Economic Debacle by SEBASTIAN EDWARDS Henry Ford II Distinguished Professor of International Economics University of California, Los Angeles April 15, 2020

Transcript of The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep...

Page 1: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January

The 2020 Pandemics:An Economic Debacle

bySEBASTIAN EDWARDS

Henry Ford II Distinguished Professor of International Economics

University of California, Los Angeles

April 15, 2020

Page 2: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January
Page 3: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January
Page 4: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January
Page 5: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January

Fiscal policy, debt and the EMs

Page 6: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January
Page 7: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January
Page 8: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January
Page 9: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January

Worse case scenarios

Page 10: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January
Page 11: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January

Our only option?

Page 12: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January

Helicopter Money

Page 13: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January

What about this?

Page 14: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January
Page 15: The 2020 Pandemics: An Economic Debacle · 2020. 4. 16. · The baseline forecast is now for deep recessions this year Global GDP forecasts (QI 2019 = 100) - IMF forecasts in January