The economic impact of COVID-19 on the EU: From the frying pan into the fire. EPC Discussion Paper 23 April 2020

For the time being, the health impact of the COVID-19 pandemic will, for obvious reasons related to the devastating effects of the virus, continue to be at the forefront of public policy. However, the concerns over its economic impact are already omnipresent, too. One of the great uncertainties of this crisis is the nature of its long-term economic impact. It will most certainly be bad, and almost certainly be worse than the financial and economic crisis of a decade ago, with many referring to the Great Depression of the 1930s