This week’s 6.6 million US jobless claims underscore the devastating impact of the coronavirus pandemic on the American economy and labor market. Across many communities and throughout small businesses the situation is growing more desperate by the day. Our experts will assess the much-needed temporary relief provided by the Cares Act and outline additional steps policymakers should take, including a phase 4 stimulus package, to avoid long-term, structural joblessness akin to the Great Depression.
In addition, Dr. Reinhart and Josh Lipsky will discuss the coronavirus’ impact on the global economy with a specific focus on emerging markets. This week, the UN called for $10 trillion to be injected in the global economy. So far the G20 has only pledged $5 trillion of fiscal stimulus. What are the lessons from 2009 when the US lead the world in calling for a massive coordinated fiscal stimulus?
Please join Dr. Carmen Reinhart, Minos A. Zombanakis Professor of the International Financial System at Harvard Kennedy School for a conversation moderated by Josh Lipsky, Director for Programs and Policy of the Atlantic Council’s Global Business & Economics Program.
Minos A. Zombanakis Professor of the International Financial System
Harvard Kennedy School
Director of Programs and Policy, Global Business & Economics Program