Orisun: Washington Post
The economic challenges posed by the virus are unique in that they are already hitting supply and demand. The former refers to the inability of workers to go to work, because of quarantines either at their jobs or their kids’ schools, along with disruptions to the global flow of goods to retailers and factories. The latter refers to reduced spending at restaurants, movie theaters, stores, etc. Consider, for example, the many awọn irin ajo, vacations and Awọn apero already being canceled. Add to that the chance that millions of workers without paid leave could lose paychecks, and you begin to get a sense of the sudden shock to commerce.
The combined effect of decreased demand and disrupted supply can lead to a serious recession. While we can hope the effects of the epidemic will be short-lived and the economy will quickly bounce back, we cannot take this for granted. Therefore, policymakers must move quickly to prepare effective economic countermeasures.
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