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Covid-19: The World Economy in Intensive Care: Findings from a Worldwide Expert Survey

Author

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  • Dorine Boumans
  • Sebastian Link
  • Stefan Sauer

Abstract

The ifo Institute asked around 1,000 economists in 110 countries about the effects of the coronavirus pandemic on the global economy. Their answers suggest that it is investment cutbacks in particular that will have a considerable negative impact. However, rising national budget deficits, lower consumer spending, company closures, and problems in international supply chains are also seen as major obstacles. As a result, severe recessions are expected in almost all countries in 2020.

Suggested Citation

  • Dorine Boumans & Sebastian Link & Stefan Sauer, 2020. "Covid-19: The World Economy in Intensive Care: Findings from a Worldwide Expert Survey," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(05), pages 52-56, May.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:05:p:52-56
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    File URL: https://www.ifo.de/DocDL/sd-2020-05-boumans-link-sauer-wes-corona.pdf
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    References listed on IDEAS

    as
    1. Boumans Dorine & Garnitz Johanna, 2017. "Ifo World Economic Survey Database – An International Economic Expert Survey," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 237(1), pages 71-80, February.
    2. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88.
    3. Florian Dorn & Clemens Fuest & Marcell Göttert & Carla Krolage & Stefan Lautenbacher & Robert Lehmann & Sebastian Link & Sascha Möhrle & Andreas Peichl & Magnus Reif & Stefan Sauer & Marc Stöckli & Kl, 2020. "The Economic Costs of the Coronavirus Shutdown for Selected European Countries: A Scenario Calculation," EconPol Policy Brief 25, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
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    Cited by:

    1. Bocklet, Johanna, 2020. "The Reformed EU ETS in Times of Economic Crises: the Case of the COVID-19 Pandemic," EWI Working Papers 2020-10, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).

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    More about this item

    Keywords

    Weltwirtschaft; Internationale Konjunktur; Internationale Wirtschaft; Haushaltsdefizit; Epidemie; Welt;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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