Study calculates cost of US business shutdowns

Tue, Nov 24, 2020 - 10:33 AM

There's little doubt that government-ordered business shutdowns to stop the spread of Covid-19 damaged the US economy, but the exact cost has not been clear.

PHOTO: AFP

[WASHINGTON] There's little doubt that government-ordered business shutdowns to stop the spread of Covid-19 damaged the US economy, but the exact cost has not been clear.

Researchers from HEC Paris business school and Bocconi University in Milan have reached a sobering calculation: the...

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