Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the face of Covid-19 was 'extremely risky' for developed economies.
A pedestrian wearing a face masks crosses an empty street amid the coronavirus outbreak on April 25, 2020 in San Francisco, California.Enforcing eight-month "structured lockdowns" could halve the economic destruction that would be wrought by Covid-19 if no social-distancing measures were imposed, according to researchers from Cambridge University and the Federal Reserve.
Using U.S. economic and population data, researchers combined macroeconomics with epidemiology to determine the economic consequences of lockdown policies. Analysts noted that their model could be applied to most developed economies. Without any social distancing, the core workforce would be hit hard — and the economy would shrink at a peak monthly rate of 30% as their industries came under pressure, the study projected.
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