Spotlight: Econ Op-eds in Summary (Week ended 27th May '20)

Snapshots


1. Investments and outcomes

By: Daily FT


· In addition to the economic impact, it is believed that COVID-19 will result in the first ever decline in the Human Development Index since its introduction. This is due to a combination of the pandemic’s death toll, contraction in global GDP and a spike in the “effective-out-of-school-rate” for primary-school students.


· Second order effects on women and gender equality are also concerning. Further, it is expected that the pandemic will have a greater impact on developing economies that face more fiscal constraints. In this context, prioritising soft infrastructure will help bridge inequality.


· Policymakers must prioritise investments to address these issues as opposed to infrastructure projects. UNDP recommends 5 priority steps coming under healthcare, social protection, protection of jobs and small businesses and inclusive macroeconomic policies for this purpose.


For the full article – Refer Daily FT


(Compiled by: Chayu Damsinghe)

Disclaimer: This information has been compiled from sources believed to be reliable but Frontier Research Private Limited does not warrant its completeness or accuracy. The bullet points provided for each summarised opinion article is written by Frontier Research and has no connection to the respective author. Furthermore, the information contained in these reports/emails are confidential and should not be shared publicly. Disclosure, copying and distribution is strictly prohibited.

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