‘Pingdemic’ could delay the return of GDP to pre-pandemic levels, says IEA expert
Christopher Snowdon writes for The Spectator
“The economic hit from the ‘pingdemic’ is unlikely to be large; for example, 500,000 people is less than 2 per cent of the total UK labour force. Nonetheless, the loss of both staff and customers will be very disruptive for some businesses and might delay the return of overall GDP to pre-pandemic levels by a few months.
“This could be a price worth paying for a more sustainable recovery in the longer term, if it helps to prevent the latest wave of Covid from getting out of control. But there is also the risk that overly sensitive app settings undermine confidence and hold back the recovery unnecessarily.”
Notes to editors
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