Covid will leave deep scars in world economy even after recovery

Covid will leave deep scars in world economy even after recovery

“It’s very easy after a grueling year or more to feel really relieved that things are back on track,” said Vellore Arthi, UCI economics assistant professor, who has examined the long-term health and economic hit from past crises. “But a lot of the effects that we see historically are often for decades and are not easily addressed.” … Experts, including Arthi, say there needn’t be a lost decade if the right policy steps are taken, especially in the areas of reskilling workers and putting a floor under those hit hardest by the crisis.