Month: March 2021

  • The economic impact of lockdowns

    The economic impact of lockdowns

    The main economic burdens brought about by the COVID-19 pandemic are essentially twofold. The first is the extraordinary pressure on health resources and health-related expen­ditures: starting with the public information campaign, testing, contact tracing, emergency additional healthcare and extra hospitalisation spend, and more recently, vaccination. I recall the Finance Ministry put aside a provisional estimate…