IEA quoted as Newsweek asks how bad the coming recession may be
IEA research cited in The Daily Telegraph
Julian Jessop quoted by NewsWeek
“The objective is that we actually want a recession because we want people to stop what they would normally do. We need to accept the economy is going to contract sharply, we need to accept that it is going to happen. It is what we want given that we want social distancing to limit the loss of life,” IEA economics fellow Julian Jessop told Newsweek.
Julian added: “What this is about instead is putting economies into hibernation and as and when the health measures are over, economic activity can return to normal.”
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