Restarting production could avert further economic impact of lockdown
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How does the economic downturn from the pandemic compare with the 2008 financial crisis? Geraint Johnes says the current crisis has hit the supply side of economics, whereas the financial crisis hit the demand side. The professor of economics at Lancaster University Management School says the economic cost of lockdown has been substantial, and says it’s time for production to restart, though in a way that ensures workers stay healthy.