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KEI Spotlight

COVID-19 requires bold economic measures

March 25, 2020

To minimize the risk of a severe recession stemming from the COVID-19 pandemic, it is better to be bold than to act too slowly, says KEI Senior Director Troy Stangarone. He further notes that South Korea is taking the right first steps with its bold economic rescue packages.

In terms of next steps, he observes that "financial assistance should be provided swiftly to hard-hit firms… But a more direct fiscal stimulus, perhaps coupled with a requirement that the airline industry and others retain their workers will be necessary."

Read his full article here