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Jakarta Post

Analysis: Mitigating inequality during COVID-19

  • Dian Ayu Yustina

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, September 9, 2020   /  08:09 am
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Illustration of wealth(Shutterstock/beeboys)

The COVID-19 pandemic and the subsequent economic crisis has been branded “a crisis like no other”. The extent of the damage the pandemic has had on social and economic life is beyond comprehension. For months countries have entered limited or full lockdowns, in an attempt to contain the outbreak.  These efforts have had large repercussions on their economies. Debates on how and when the global economy will recover after the COVID-19 crisis continue to take place.  The common estimations of recovery have varied from a "V-shaped" recovery, which means a fast recovery, a "U-shaped" recovery, which means a somewhat slower recovery up to the "Nike (logo) swoosh-shaped" recovery which means a slow but gradually improving economic recovery. More recently an increasingly popular view has surfaced, which says that the economic recovery will ...