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Economic history · Britain
In spring 2020 Britain closed much of its economy to slow the spread of Covid-19. What happened to output and jobs, how the government paid wages, and why the fall was so deep.
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1 What Was the Covid-19 Economic Shock? A stay-at-home order, an economy a quarter smaller in two months, and the government paying millions of wages. 7 steps · 10 min Done 2 Why the Covid-19 Economic Shock Was So Deep Closures, caution and a large share of face-to-face spending, jobs kept on the books, and the bill that followed. 7 steps · 10 min DoneCountry data from the World Bank (CC BY 4.0) and the UNDP Human Development Report (CC BY 3.0 IGO)
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