Wednesday , September 29 2021
Home / Bank of International Settlement / Macroeconomic effects of Covid-19: a mid-term review

Macroeconomic effects of Covid-19: a mid-term review

Summary:
This article provides an interim assessment of the macroeconomic consequences of the Covid-19 pandemic. Estimates suggest a median output loss of about 6.5% in 2020, a gap that is expected to narrow to around 4% of the pre-pandemic trend by the end of 2021.

Topics:
International Settlement considers the following as important:

This could be interesting, too:

Amol Agrawal writes Impact of 2020 pandemic on Public Transportation Ridership and Revenues across New England

Amol Agrawal writes Shoe Dog: A Memoir by the Creator of NIKE

Amol Agrawal writes The Meaning of MMT

Bank of Japan writes Release of the Cessation of the initiation of new interest rate swaps referencing JPY LIBOR

This article provides an interim assessment of the macroeconomic consequences of the Covid-19 pandemic. Estimates suggest a median output loss of about 6.5% in 2020, a gap that is expected to narrow to around 4% of the pre-pandemic trend by the end of 2021.
International Settlement
The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

Leave a Reply

Your email address will not be published. Required fields are marked *