Community//

Economies that imposed an early lock-down will thrive

New research reveals which economies will bounce back faster

Countries that imposed strict and early social-distancing measures in response to the COVID-19 outbreak will result in their economies recovering much quicker than those who took a much more relaxed approach according to new research from ESCP Business School.

According to Professor Nabil Kahalé the social-distancing measures that have been taken to slow the spread of the COVID-19 epidemic in most countries, are already causing huge economic consequences.

However, Professor Kahalé has proven in his recent studies that although social-distancing measures can damage the economy during the containment period, those countries that applied these measures strictly and as early as possible, will only suffer economic losses for a short period of time.

This is because strict social distancing measures require a shorter period of time to reduce the number of infected individuals to a predetermined level. Therefore, countries that have enforced early interventions will diminish their total economic loss in the long-term as their society can begin to operate again having obtained low infection rates.

“When social-distancing measures are needed to contain an epidemic, they should always be applied as strictly and as early as possible, so that they attain their objectives in a short period of time,” says Professor Kahalé

As most of us have been in lock-down for over a month now, we are now starting to look ahead as to how our economy will recover long- term. What is apparent though is that those countries where stringent measures were applied early will also recover much quickly out of this crisis — a lesson for many governments going forward.

    The Thrive Global Community welcomes voices from many spheres. We publish pieces written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Learn more or join us as a community member!
    Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

    You might also like...

    emiliano finocchi post
    Community//

    The Environmental Impacts of a Pandemic

    by Emiliano Finocchi
    Maria Symchych / Shutterstock
    Thriving in the New Normal//

    Got Questions About Social Distancing? These Experts Have Answers

    by Whitney Akers
    Community//

    Taking the Long View: Surviving and Thriving After Social Distancing

    by Vineet Arora

    Sign up for the Thrive Global newsletter

    Will be used in accordance with our privacy policy.

    Thrive Global
    People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.

    - MARCUS AURELIUS

    We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.