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World Economy: What Does the Road to Recovery from COVID-19 Look Like? Expert Survey on Worldwide Effects of the Pandemic

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  • Dorine Boumans
  • Pauliina Sandqvist
  • Stefan Sauer

Abstract

The outbreak of COVID-19 has had a detrimental effect on global health care systems, with a ripple effect on every aspect of human life as we know it. On January 30, 2020 the World Health Organisation declared COVID-19 as a global emergency (WHO, 2020). In response, to “flatten the curve”, governments have enforced border shutdowns, travel restrictions, and general lockdowns with numerous social distancing measures such as closed schools, shops, services and, to a lesser extent, the manufacturing industry. This in turn led to an impending economic crisis and recession all around the globe. The IMF World Economic Outlook of June 2020 projects global growth at -4.9 percent in 2020 (IMF, 2020a).

Suggested Citation

  • Dorine Boumans & Pauliina Sandqvist & Stefan Sauer, 2020. "World Economy: What Does the Road to Recovery from COVID-19 Look Like? Expert Survey on Worldwide Effects of the Pandemic," EconPol Policy Reports 26, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    • Handle: RePEc:ces:econpr:_26
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    References listed on IDEAS

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    1. Dorine Boumans & Clemens Fuest & Carla Krolage & Klaus Wohlrabe, 2020. "Expected effects of the US tax reform on other countries: global and local survey evidence," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 27(6), pages 1608-1630, December.
    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, March.
    3. Dorine Boumans & Johanna Garnitz & Günther G. Schulze, 2018. "Who has terror angst? Perceptions of the effects of terror on the world economy," Applied Economics Letters, Taylor & Francis Journals, vol. 25(1), pages 29-33, January.
    4. Sebastian Link & Stefan Sauer, 2020. "Monatlicher Nowcast der realisierten Kurzarbeit auf Basis von Unternehmensbefragungen," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 114, October.
    5. Dorine Boumans & Sebastian Link & Stefan Sauer, 2020. "Covid-19: The World Economy Needs a Lifeline – But Which One?," EconPol Policy Brief 27, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
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    Cited by:

    1. Stefania Stancu, 2024. "The Effects of COVID-19 and their Mitigation through Fiscal Policy: Results from a DSGE Model with Financial Frictions," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 16(2), pages 295-308, December.
    2. Dorine Boumans & Henrik Müller & Stefan Sauer, 2022. "How Media Content Influences Economic Expectations: Evidence from a Global Expert Survey," ifo Working Paper Series 380, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.

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