Are we prepared for the economic doomsday resulting from the COVID-19 pandemic?  | Daily FT

The coronavirus pandemic has delivered the fastest and deepest economic shock in history. It will have a major impact on industrialised countries as well as the developing ones. A G8 wide recession is very likely, leading to a decline in purchasing power and consumer demand – Pic by Shehan GunasekaraBy Prof. Lalith GoonatilakeWe hope the COVID-19 control measures ongoing will work and we will all be safe. While major disease control measures are in place, in parallel we need to consider the economic and social impact we will face from the corona pandemic within Sri Lanka and induced from the r…

Read More