View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Special Focus
  2. Covid-19
August 14, 2020

Lockdowns not a sustainable strategy, say economists

By Paul Dennis

14 August

The economic impact of the Covid-19 pandemic has thrown the UK into one of the worst recessions in history.

Trinh, senior economist for emerging Asia, tweeted on how lockdowns are not a sustainable strategy.

She shared statistics comparing the impact of lockdowns on Sweden and the UK.

Sweden did not have any lockdowns but had control measures to handle the pandemic. Though the country’s economy was not impacted as much as the UK, it has one of the highest death rates related to Covid-19.

The UK comparatively had one of the toughest lockdowns and a similar death rate, while the economic impact was devastating.

Rob Gill, managing director at Altura Mortgage Finance, shared an article on how there is no trade-off between people’s lives and economic growth.

However, the poor handling of the lockdown measures in the UK has badly affected the country’s economic performance.

Three policies were recommended in the article including the extension of universal credit to support the unemployed, provide retraining grants or funds to start a new business and creation of more public-sector jobs.

Read more

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Key drug pipeline and competitive landscape changes based on the latest clinical activity, sent every Tuesday. Curated analysis and data-driven insights on clinical trials strategy and operations, sent every Thursday. The pharmaceutical industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Clinical Trials Arena