The recession that’s on the way poses a formidable challenge: the scale of fiscal and monetary support required to soften the blow to personal incomes and ensure the survival of companies bereft of revenues has no precedent in recent times. Public debt levels, and probably also private debt levels, are going to soar.
Iran ranks third, after Italy and China, for the number of coronavirus deaths worldwide. As of March 19, 1,284 people have died and 18,407 have been infected, according to the Iranian Ministry of Health. The World Health Organization (WHO), however, suspects the actual numbers could be five times higher.
This article is presented to ISPI by the Mitvim Institute as a sign of solidarity in difficult times and appreciation for "keeping the lights on"
The quick-fire coronavirus spread and the response of different countries to it, not only highlight immediate concerns about public health, but also have a significant impact on the evolving world order and the values that underpin it. While further challenging globalization, the crisis also holds out hope for its resurgence.