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Henrique Schneider



Articles by Henrique Schneider

The economic cost of lockdowns

January 31, 2021

As many countries face their second or even third lockdowns (Germany, Austria, Israel), others (Switzerland, the United States) have done what they can to escape such repetitions. Much of the discussion about this drastic move involves its costs.
As Covid-19 became pandemic in early 2020, most countries opted for a similar set of measures. They implemented social distancing, slowed down the traffic of people in public spaces and eventually put a stop to large amounts of economic activity. While countries structured lockdowns in different ways, they all generally closed some parts of their economies and limited social activities for lengthy periods.
In some countries, for example in China or Italy, the lockdown entailed physically closing points of entrance

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