These are difficult times for Asia and the world. Millions of small businesses are temporarily closed, and many small-business owners aren’t sure they’ll be able to reopen. Meanwhile, families are struggling to make ends meet, while a global pandemic threatens their health.
The COVID-19 health crisis has led to a global economic crisis, with the IMF predicting that global growth could contract by 3 percent in 2020. This raises many important questions:
What are policymakers doing right now to help combat this crisis, and what should they be doing in the future? What is the economic impact of social distancing, and how long can we sustain this stagnation? What’s next for the global economy?
This event took place Thursday, May 7, 2020.