Economic Crisis With and Without Lockdown

World economy has already been hit by recession owing to the corona virus crisis. Various estimates show that a deeper recession is looming large. Much of the reason behind the recession is accredited to draconian measures such as complete lockdown opted by the governments around the world to contain the contagion. Nevertheless, reckoning that the recession could have been completely avoided if these measures were not placed would be a biased analysis. But, if not for the lockdown, severity of the recession would not be the same. Continue Reading