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Abstract:
Irrespective of the health issues, the coronavirus
pandemic that we are currently experiencing
demonstrates that rapid and radical
responses of governments and business, as
well as rapid lifestyle changes, are possible.
Suddenly, we’ve found we are able to adjust
personal habits and routines (e.g. not shaking
hands), change travel plans (e.g. give up on
holidays abroad), and adjust business practices
(e.g. move meetings online, allow working
from home). Have these actions affected
GDP growth and generated economic costs?
Yes, of course! Is it a problem? There are
concerns, but the majority of citizens and
media perceives such changes as necessary,
and even desired, in order to reduce the risks.
