UK
  • additional funding and support for the NHS, public services, charities, tourism & hospitality sectors;

  • (ii) measures to support businesses, including property tax holidays, direct grants for small firms and firms in the most-affected sectors, and compensation for sick pay leave;

  • and (iii) strengthening the social safety net to support vulnerable people by increasing payments under the Universal Credit scheme as well as expanding other benefits.

United Kingdom

Containment Measures

Italy
  • €25 billion (1.4 percent of GDP) “Cura Italia” emergency package. It includes (i) funds to strengthen the Italian health care system and civil protection (€3.2 billion);

  • measures to preserve jobs and support income of laid-off workers and self-employed (€10.3 billion);

  • other measures to support businesses, including tax deferrals and postponement of utility bill payments in most affected municipalities (€6.4 billion);

  • as well as (iv) measures to support credit supply (€5.1 billion).

Italy

Containment Measures

Germany

In addition to running down accumulated reserves, the federal government adopted a supplementary budget of €156 billion (4.9 percent of GDP) which includes:

  • spending on healthcare equipment, hospital capacity and R&D

  • expanded access to short-term work subsidy to preserve jobs and workers’ incomes, expanded childcare benefits for low-income parents and easier access to basic income support for the self-employed,

  • €50 billion in grants to small business owners and self-employed persons severely affected by the Covid-19 outbreak; interest-free tax deferrals until year-end.

Germany

Containment Measures

France

Increase in the budget devoted to addressing the crisis to €110 billion from an initial €45 billion. Measures include:

  • streamlining and boosting health insurance for the sick or their caregivers; increasing spending on health supplies; 

  • liquidity support through postponements of social security and tax payments for companies; accelerated refund of tax credits; postponement of rent and utility payments for affected microenterprises and SMEs;

  • support for wages of workers; direct financial support for affected microenterprises, liberal professions, and independent workers; 

France

Containment Measures

Spain
  • additional funding worth €18 billion (1.6% of GDP)

  • entitlement of unemployment benefit for workers temporarily laid off; increased sick pay for infected workers or those quarantined;

  • an allowance for self-employed workers affected by economic activity suspension; a temporary subsidy for household employees affected by COVID-19; 

  • a temporary monthly allowance of about EUR 430 for temporary workers; transfer of €25 million to autonomous communities funding meals for children affected by the school closure.

Spain

Containment Measures

Norway
  • NOK 139 billion or 4.6 percent of 2019 mainland GDP. Larger wage subsidies for temporary lay-offs and more generous unemployment benefits;

  • strengthening of the healthcare sector and transfers to municipalities; expanded sickness, child care and unemployment benefits;

  • grants for start-ups; subsidies of domestic air routes; compensation scheme for heavily affected but otherwise sustainable businesses);

  • revenue measures (lowering of reduced VAT rate from 12 to 8 percent; deferral of various tax payments

Norway

Containment Measures

SOCIAL MOBILITY
BEGINS IN THE CLASSROOM

SeeInitiative works with policymakers, schools, civil society and the private-sector to empower students from disadvantaged backgrounds.

490,000

Unemployed young people aged between 16-24)

1.74 million

18-24 year olds who are economically inactive (not in work and not looking for work )

£90bn

Potential cost of UK skills shortage per year

Proxy Wars Initiative is a Carnegie Corporation project dedicated to peace and security in the Middle East. It brings together decision-makers, practitioners and scholars to mitigate, manage and find last solutions to conflict and instability. 

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Iraq Policy Group was formed in coordination with the Iraqi government to deliver actionable policy analysis that can help the country turn a new chapter in the wake of the territorial defeat of ISIS. Working with Iraqi and international stakeholders, it focuses on public sector reforms, the economic regeneration of the country and youth empowerment. 

65%

700,000

70%

"Once exits from lockdowns start and antibody testing ramps up, a new, intermediate phase will begin. Firms will still be walking, not running (China is still only functioning at 80-90% of capacity). Ingenuity, not just financial muscle, will become a source of advantage, allowing cleverer firms to operate closer to full speed."

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"Even in the current crisis, globalisation can make the world safer. That national economies are fused by the connective tissue of global companies means each country has a selfish interest in helping others. That is a source of stability that anti-globalist rhetoric can only serve to dilute." 

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"But the world following the pandemic is unlikely to be radically different from the one that preceded it. COVID-19 will not so much change the basic direction of world history as accelerate it. The pandemic and the response to it have revealed and reinforced the fundamental characteristics of geopolitics today." 

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Limiting the Economic Impact of the Covid-19 Virus

Limiting the Economic Impact of the Covid-19 Virus

"Even in the current crisis, globalisation can make the world safer. That national economies are fused by the connective tissue of global companies means each country has a selfish interest in helping others. That is a source of stability that anti-globalist rhetoric can only serve to dilute." 

"Even in the current crisis, globalisation can make the world safer. That national economies are fused by the connective tissue of global companies means each country has a selfish interest in helping others. That is a source of stability that anti-globalist rhetoric can only serve to dilute." 

"Even in the current crisis, globalisation can make the world safer. That national economies are fused by the connective tissue of global companies means each country has a selfish interest in helping others. That is a source of stability that anti-globalist rhetoric can only serve to dilute." 

Tedro Adhanom

Director-General, WHO.

This epidemic can be pushed back, but only with a collective, coordinated and comprehensive approach that engages tche entire machinery of government.

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Angela Merkel

Chancellor, Germany.

Since German unification, no, since World War II, there has been no greater challenge to our country that depends so much on us acting together in solidarity.

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Gordon Brown

Former Prime Minister, United Kingdom.

Out of this crisis must come reforms to the international architecture and a whole new level of global co-operation. 

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"One alternative route that could have been adopted would have been cash payments – so called helicopter money – to all adults. While the funds would not have been targeted this would have been a speedy and simple way to get income to all, recognising that many will not have"

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"Sub-Saharan Africa is entering its third post-2000 economic stage. Besides the human costs, the coronavirus pandemic will mark an economic earthquake for the region as much as it is doing across the globe"

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"The ECB and the Fed, along with other central banks, have taken extraordinary measures to stop the panic in financial markets. However, in the absence of an ambitious and coordinated fiscal reaction from the EU, these measures are likely to prove insufficient"