Coronavirus Update: As provinces ask people to manage their own COVID-19 risks, experts say the public has less data

April 12: While provincial governments tell Canadians to estimate their own sense of risk, experts say the public has less data to make assessments

New International Monetary Fund research

shows that a supply chain that originates from more countries and inputs can significantly reduce the economic drag from supply disruptions. Their message? Don’t dismantle global supply chains, diversify them. Researchers simulated a lockdown like the ones that took place in China in early 2020, and said that reducing labour supply by 25 per cent in a single large supplier of intermediate components prompted an 0.8 per cent decrease in the average economy’s output., the decline would be reduced by about half, to about 0.4 per cent. Even in scenarios where there are shocks to multiple countries, high source diversification reduces the level of GDP decline by about 5 per cent.

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