ABSTRACT

Cost of Coronavirus Shutdown Orders   [open pdf - 205KB]

From the Key Takeaways: "[1] States representing 95 percent of the economy are subject to state-wide public health-motivated shutdowns to fight COVID-19 [coronavirus disease 2019]. [2] An eight-week shutdown could raise the unemployment rate to as much as 23 percent and decrease economic output by as much as $2 trillion (about 9 percent). [3] Policymakers should consider the economic and public health costs of severe slowdowns when determining the breadth of shutdown orders."

Report Number:
Backgrounder No. 3489
Author:
Publisher:
Date:
2020-04-20
Series:
Copyright:
Heritage Foundation. Posted here with permission. Documents are for personal use only and not for commercial profit.
Retrieved From:
Heritage Foundation: https://www.heritage.org/
Format:
pdf
Media Type:
application/pdf
URL:
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