Light at the end of a long tunnel?

NOTWITHSTANDING the breadth and depth of policy responses thus far, the ongoing coronavirus pandemic has clearly emerged as the most dominant threat to the global economic landscape.

But any attempt to pin down the severity and duration of the fallout at this time is extremely challenging insofar as we continue to grapple with the dynamics of the outbreak.

Broadly, however, economists tend to assume that the negative economic imprint from a pandemic is likely to be appreciable but transitory followed by a sharp recovery thereafter.