From the Introduction: "The COVID-19 [coronavirus disease 2019] pandemic engulfing the world has caused massive suffering and loss of life. As infection rates in some countries appear to be levelling off and lockdowns are relaxed, the economic impact of the virus is becoming increasingly clear. Substantial GDP [gross domestic product] declines of 7.5 percent in the Netherlands and 7 percent in Germany are expected. Some two million full-time job equivalents are estimated to have been lost in Western Europe in Q1 of 2020, a loss projected to rise to eight million by Q2."
Netherlands Institute of International Relations
Netherlands Institute of International Relations: https://www.clingendael.org/