Well, refreshing to read an article from an academic, who actually understands economics!

I agree the recovery could be prolonged indefinitely, given the jobless rate in the US and the casualties already in the northern hemisphere!

Plus, the histrionics by Dr Trump, who seems reluctant to depart his personal bubbe where he is master of the world and can make a deal to make this all go away?

Or if allowed, will pick a war to distract from his own incompetence as a petulant, pompous, popinjay, parsimonious, selectively deaf President, in my opinion.

Our own recovery will depend on whether or not we use the usual economic flow on factors to work for us and allow every one dollar to do the work of seven or more, in our own economy. By selecting and preferring cooperative capitalism and its main vehicle, Co-ops.

Co-ops stood almost alone a the only private enterprise, free-market, business model, that survived the Great Depression largely intact and underpinned a post-war period of unprecedented prosperity!

If however, we look outside to foreign investors, who will price gouge, tax avoid and repatriate profits as all our foreign nations are known to practise as their offshore business model, that among other things, wants to socialise their losses and privatise any and all profits.

Supporting that nonsense, a recipe for a very prolonged period of endemic stagnation! And even further loss of our economic sovereignty!

Albeit, advance the wealth and prospects of a handful of, Hotel Bravo, former and current, self-serving, self-centred, politicians?
Alan B.

You can't begin to estimate the economic impacts, without including the cost of new social norms.
And new social norms that may continue forever mean that future economic costs are not quantifiable.

Just pick any damn number so long as it's 'billions',
but make sure that number keeps increasing endlessly;
- And you're going to be about as close as you can get.

And new social norms that may continue forever mean that future economic costs are not quantifiable.
Armchair Critic,
True, one just has to look back to the Whitlam years & how it took at least three decades for the damage to surface & still haunting us as a society now nearly 50 years on ! Just wait till the Gay Rights thing starts biting in another ten or so years.

I admire the authors attempt to claim he knows how much it will cost. BUT this is a slim effort using undisclosed ( probably commercially in confident report!). This COVID-19/96gg virus from Chai-na... needs serious investigation re source, politics, interference and.... social, environmental and economic analysis.

Good try at trying to be the first to state the economic costs, but it doesn't quite get the Nobel Price gong for me!

WTF does it matter where TFH the FV came from or who was FR! It's here now and killing hundreds of thousands around the world and not just the elderly exclusively!

I get that the usual numbskulls, A.J. and co., think our economic recovery will be somehow improved by this knowledge?

And to help them and get their Racist BS out of the way? It started in Wuhan and via a single contagious subject after she ate a bat meat sandwich!

A.J. Could lead a street march of socially distancing protesters?

Who could shout slogans all day long and carry/wave banners? Who knows, if the banner-waving queue is long enough? Melb. to Bissyy?

Perhaps we could engineer a banner-waving lead recovery? Or a noise, Ban Bat sandwiches, lead one?

One can only bless our good fortune that neither A.J. or A.J's cohort are not in any parliament, nor responsible for the decisions that will allow us to put a rocket under the national economy!

And get it up of of the floor and every abled bodied/able-minded backup and producing to the max to grow the economy, sufficiently large as achieved before! To pay down unrepayable debt, as well as, create the third wealthiest nation on the planet and a creditor one at that. Along with a period of unprecedented prosperity!!

Anything else we might consider is going to be put to one side as a second-order issue, to be dealt with when the economy is up and running and paying down whatever debt burden we need to get to that new, return to the future.

Robust, turbocharged self-sufficient, self-reliant, economy, place!

A. J. and co. If you can't/won't help with that? GTF outta the way and STFU! It and you ain't helping anything, whatsoever!

If you don't like Chi nia, for heaven's sake, stop trading with her and selling Australia and Australians to her!
Alan B.

What can one say... WE love you Alan B... and why didn't you send us that article either in 4 posts or to the email I set up for you in confidence....

Grow up... FOCUS ON YOUR PASSION FOR msr and inform us all.... in all seriousness!