Coronavirus and Spanish flu: economic lessons to learn from the last truly global pandemic
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Chris Colvin, Queen's University Belfast and Eoin McLaughlin, University College Cork
As news of the global spread of coronavirus disease (COVID-19) emerged, global financial markets reacted pessimistically and behaved in ways not seen since the 2008 financial crisis. But fully understanding the potential future economic impact of the virus which leads to this disease remains difficult – because spread of a disease on this scale is unprecedented in the modern world.
The closest parallel is t...
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