from the International Monetary Fund
– this post authored by Oya Celasun, Lone Christiansen, and Margaux MacDonald
The pandemic-induced economic crisis is set to leave deep scars. Human capital erosion from prolonged high unemployment and school closures, value destruction from bankruptcies, and constraints on future fiscal policy from elevated public debt top the list. Groups that were already poor and vulnerable are set to see the largest setbacks.
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