The Economic Impact of Coronavirus

Subscribe to Wheeler Institute for Business and Development YouTube channel ➤ Professor Paolo Surico, Professor of Economics at London Business School, outlines his research that shows us how the poorest households are at most risk because they are more leveraged, have little or no savings and are more likely to experience redundancy during the crisis. Paolo’s research on real-time indicators for the UK economy shows that the top 25% of the income distribution accounts for about 46% of the decline in aggregate consumption during the crisis as high earners have cut their non-essential spending, driving the drop in aggregate demand. The hope is Paolo’s evidence will guide government policy – after all, why should it be harder to secure a rent holiday than a mortgage holiday? This presentation was extracted from the webinar “UK debt before and after the crisis” •UKdebtbeforeandafterthecrisis|Lond... and is part of the Wheeler Institute series: •WheelerInstituteCOVID-19series|London... To

Subscribe to Wheeler Institute for Business and Development YouTube channel ➤ How is the crisis impacting the South African economy and how can business leaders be part of the solution to the coronavirus crisis? Rajesh Chandy was joined in conversation with Nick Binedell, Founding Director and Sasol Chair of Strategic Management of the Gordon Institute of Business Science, University of Pretoria, to discuss how corporate South Africa has stepped up to the mark to support the country’s economy. Brought to you by the Wheeler Institute for Business and Development COVID-19 series. Check out Covid-19 Series playlist ➤ Find out more: Subscribe to our YouTube channel ➤ Follow our social media accounts: Facebook: Twitter: LinkedIn: #wheelerinstitute #covid19 #videoseries #lbs #covid #covidcrisis

Subscribe to Wheeler Institute for Business and Development YouTube channel ➤ What are the economic implications of COVID-19 for low-income countries and emerging markets? Pierre-Olivier Gourinchas, Professor of Economics at University of California, Berkeley joins Elias Papaioannou in conversation about a proposal developed for the GR20 to implement a debt standstill for COVID-19 in low- and middle-income countries. This conversation is part of the Wheeler Institute’s COVID-19 series – bringing together the expertise and experience of our extended community to understand, illuminate and offer solutions to the challenges created by COVID-19. Our differentiating factor is the role of business in addressing these challenges, with a focus on the implications and actions for those in developing countries. Learn more about this conversation here: Check out Covid-19 Series playlist ➤ Visit the website of the Wheeler Institute Covid-19 series here: Pierre-Olivier Gourinchas: Elias Papaioannou

Subscribe to Wheeler Institute for Business and Development YouTube channel ➤ How has the Russian Government performed during the COVID-19 crisis and what steps do they need to take to support people and the economy? Elias Papaioannou was joined in conversation with Sergei Guriev, Professor of Economics at Sciences Po, to discuss how the coronavirus pandemic is impacting Russia. Brought to you by the Wheeler Institute for Business and Development COVID-19 series. 0:00 - Intro 2:05 - How the emerging markets crisis unfolds in Russia 4:45 - Russia’s response to fiscal and monetary policy 7:24 - Spread of coronavirus in Russia 9:30 - How are Putin’s ratings after COVID-19 11:47 - Developments forecast in Russia in the coming years 15:05 - How will Russian businesses adjust to the crisis 19:04 - How COVID-19 has changed social media Check out Covid-19 Series playlist ➤ Find out more: Subscribe to our YouTube channel ➤ Follow our social media accounts: Facebook: Twitter: LinkedIn: #wheeleri

Subscribe to Wheeler Institute for Business and Development YouTube channel ➤ How can we quickly and accurately measure the macroeconomic shock brought about by COVID-19? Elias Papaioannou was joined in conversation with Paolo Surico, Professor of Economics at London Business School, to discuss the economic impact of the COVID-19 pandemic. Brought to you by the Wheeler Institute for Business and Development. Read the paper here: or the blog here, 0:00 Intro 1:23 How do we measure the recession 8:42 How bad is the economic crisis? 13:07 Which sectors are most affected? 14:39 Impact on household income 18:49 Who is suffering more? 22:26 Which areas should the governments focus on? Check out Covid-19 Series playlist ➤ Subscribe to our YouTube channel ➤ Follow our social media accounts: Facebook: Twitter: LinkedIn: #wheelerinstitute #covid19 #videoseries #lbs #covid #covidcrisis

Subscribe to Wheeler Institute for Business and Development YouTube channel ➤ How is Coronavirus impacting countries across Africa? Elias Papaioannou, Academic Director of the Wheeler Institute for Business and Development was joined in conversation with Leonard Wantchekon, Professor of Politics and International Affairs at Princeton University, as well as Associated Faculty in Economics, to discuss the impact of COVID-19 on the African continent, and consider the steps policymakers need to take to take as a result of the pandemic. Check out Covid-19 Series playlist ➤ Learn more: Subscribe to our YouTube channel ➤ Follow our social media accounts: Facebook: Twitter: LinkedIn: #wheelerinstitute #covid19 #videoseries #lbs #covid #covidcrisis

Subscribe to Wheeler Institute for Business and Development YouTube channel ➤ How will international finance debt obligations impact emerging and frontier economies during the Coronavirus pandemic? Elias Papaioannou was joined in conversation with Sebnem Kalemli-Ozcan, Professor of Economics at the University of Maryland, Research Associate at the National Bureau of Economic Research (NBER) and a Research Fellow at the Center for Economic Policy Research (CEPR) to discuss how the situation in emerging markets is such a cause for concern. Brought to you by the Wheeler Institute for Business and Development COVID-19 series. Check out Covid-19 Series playlist ➤ Find out more: Subscribe to our YouTube channel ➤ Follow our social media accounts: Facebook: Twitter: LinkedIn: #wheelerinstitute #covid19 #videoseries #lbs #covid #covidcrisis