Policy Brief No.3

Will Covid-19 Morph into a Global Financial Crisis?

That is the million dollars question to which no one can provide a definite answer. However, we can outline the variables that determine this answer by providing an analogy. Suppose a category 5 storm were to hit a house, will the house stay intact, collapse, or be partially destroyed? The answers depend on the intensity and duration of the storm, on the one hand, and the strength and foundation of the house, on the other hand. A third variable is what builders or architects can do to shore up the house.