/ TAG Curated

The new Senate-approved $2 trillion relief package has raised hopes, but a burst of money creation will not stop the COVID-19 crisis or save our economies.

Governments increasingly recognize that economies can reach their full potential only with the full participation of both women and men. To help countries achieve this goal, the World Bank Group is focusing on four key areas in particular.

The Conference Board recently began measuring the impact of innovation. Here are some takeaways. 

In contrast to recessions driven mainly by a demand shortfall, the challenge posed by a supply-side-driven downturn is that it can result in sharp drops in production, generalized shortages and rapidly rising prices.

In the fight against the COVID-19 pandemic, economists, economic policymakers and bodies like the G7 should humbly acknowledge that “all appropriate tools” imply, above all, those wielded by medical practitioners and epidemiologists.

There is no doubt that China will win the battle against the coronavirus. In the meantime, however, policymakers must take steps to ensure that the economy functions as normally as possible—without compromising efforts to contain the outbreak—and can bounce back quickly once the crisis is over.