Blogsite of the Institute for Legal Studies
1970. January
It can be asserted as a fact that the coronavirus (COVID-19) as a pandemic, namely a disease originated from an epidemic occurring worldwide, generated an entirely new type of danger for mankind probably not known before. At the time of writing there is no suitable remedy for this danger, neither medical, nor by any other means.
The Covid-19 pandemic is not only a public health crisis but also a serious challenge for international and domestic politics and for the global economy. The official data shows that the pandemic, as of April 17th, 2020, has already claimed more than 145.000 lives among 2,2 million confirmed cases (for up-to-date information see here). While so far most of the governments have seen an increase in popular support (for example, the approval rating for Giuseppe Conte has gone up by 27%, while for Angela Merkel by 11%, for addition details see here), this trend may soon revert when the economic and social effects of the pandemic will become more apparent. Most of the experts expect to see a deep recession in 2020. For example, the International Monetary Fund, in its latest World Economy Outlook, forecasts that the global economy will shrink by 3%, making the current situation the worst recession since the Great Depression. The advanced economies will be the most affected, with an average contraction of 6.1%, including 5.9% in the United States and 7.5% in the Euro Zone.
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