Wednesday, February 10, 2021

Covid's Long Shadow - IMF Blog

Excerpt:

"But looking beyond the immediate aftermath, the risk of social unrest spikes in the longer term. Using information on the types of unrest, the IMF staff study focuses on the form that unrest typically takes after an epidemic. This analysis shows that, over time, the risk of riots and anti-government demonstrations rises. Furthermore, the study finds evidence of heightened risk of a major government crisis—an event that threatens to bring down the government and that typically occurs in the two years following a severe epidemic.

If history is a predictor, unrest may reemerge as the pandemic eases. The threats may be bigger where the crisis exposes or exacerbates pre-existing problems such as a lack of trust in institutions, poor governance, poverty, or inequality."

https://blogs.imf.org/2021/02/03/covids-long-shadow-social-repercussions-of-pandemics/

Image credit - AACSB International


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