COVID-19 and the Economy: Notes from the verge of a global crisis
The damage and opportunities from a crisis sparked by COVID-19.
Perspectives | COVID-192020.03.20
The immediate effect of all of these restrictions is a decrease in economic activity, which results in reduced production and higher prices.
Governments will bear the heaviest burden for stabilization — starting from decisions that directly affect healthcare systems to the creation of safety nets for the affected.
The Central Bank of Kosovo has still not taken steps toward lowering interest rates.
As senseless as this may sound in these times of panic and uncertainty, we need to start reflecting now.
The wealthy have much more impact on government policies, so the measures taken for recovery from the crisis may not be equal for everyone.
The job of drawing up alternatives is always ongoing — starting from specific proposals to fight wealth inequality to inclusive manifestos about the democratization and transformation of Europe.
Edison Jakurti
Edison Jakurti is a PhD Candidate in Economics at Leipzig University and a lecturer at Lancaster University Leipzig and Abilene Christian University. He holds a master’s degree in International Development Policy from Duke University and a bachelor’s degree in Economics & Statistics from the Rochester Institute of Technology.
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