The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is precisely these other factors that are so often forgotten in the panicky reporting, in the constant, manic tracking of the current infection numbers, that we want to take a look at in our series “The Costs of Coronavirus Lockdowns” in the coming weeks. The economic consequences of lockdowns are the easiest to name
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More Statistics in Our Costs of Coronavirus Lockdowns Series:
- The Costs of Coronavirus Lockdowns: Introductory Article by Kai Weiss
- A Future Hunger Pandemic: 135 million more people are on the brink of starvation (UN World Food Program)
- Fear of Collapse for Small Businesses: 55 percent of European SMEs fear bankruptcy by September 2021 (McKinsley)
The post Fear of Collapse for Small Businesses appeared first on Austrian Economics Center.
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