The coronavirus crisis may turn out to be a bump in the road for recent international dynamics. After a period of hibernation in the major global economies, perhaps life will return to normal, the storm weathered thanks to stimulus plans, and the world will once again be flat and hyperconnected. Alternatively, coronavirus may be a turning point in the era of globalisation.
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This paper provides a summary of the recent Standard & Poor’s (S&P) economic forecast for the euro area (assessing the effects of the COVID-19 outbreak); some recent analyses of the macroeconomic effects of the coronavirus; and some policy recommendations made in the public domain to mitigate these negative effects. The S&P summary On Thursday, 26 March, the credit-rating agency Standard & Poor’s (S&P) published an economic forecast for the euro area and the UK, assessing
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