Under Severe Stress

How Central Europe Responds to the Economic Challenge of COVID-19

26 March 2020

Bold moves by V4 governments may bring short-term relief to the virus-stricken economies but carry long-term risks if the COVID-19 pandemic persists.

At first, the coronavirus did not appear to be particularly deadly nor infectious. Also, it seemed that its influence on the economy should be negligible as most of the casualties were seniors.

This gave a false idea to some politicians that we should outwait the virus. The effect was complete paralysis of the healthcare system and, in turn, of the daily social life.

China and subsequently Italy and Spain suffered the consequences. More likely than not, the UK and the US are going to pay in a similar way for their negligence. They will have to enforce social distancing protocols.

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Tomasz Kasprowicz

Vice President of the Res Publica Foundation, economic editor of Res Publica

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