By Aditi Bhutoria - Assistant Professor, Public Policy and Management, IIM Calcutta
Dear Reader,
Although The Covid-19 pandemic is a concerning health crisis, there are other economic and welfare costs beyond those associated with mortality induced by the disease. The policy- and individual-level behavioral responses to the pandemic have led to significant supply and demand shocks across the world, triggering the deepest recession since the Great Depression of the 1930s.
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