02290cas a2200337 a 4500 AALejournalIMF022563 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513587905 1018-5941 BD-DhAAL BD-DhAAL Barrett, Philip. After-Effects of the COVID-19 Pandemic : Prospects for Medium-Term Economic Damage / Philip Barrett, Sonali Das, Giacomo Magistretti, Evgenia Pugacheva. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The COVID-19 pandemic has led to a severe global recession with differential impacts within and across countries. This paper examines the possible persistent effects (scarring) of the pandemic on the economy and the channels through which they may occur. History suggests that deep recessions often leave long-lived scars, particularly to productivity. Importantly, financial instabilities-typically associated with worse scarring-have been largely avoided in the current crisis so far. While medium-term output losses are anticipated to be lower than after the global financial crisis, they are still expected to be substantial. The degree of expected scarring varies across countries, depending on the structure of economies and the size of the policy response. Emerging market and developing economies are expected to suffer more scarring than advanced economies. Mode of access: Internet Business Fluctuations imf Cycles imf Economic History imf Growth and Fluctuations imf Measurement of Economic Growth imf Das, Sonali. Magistretti, Giacomo. Pugacheva, Evgenia. IMF Working Papers; Working Paper ; No. 2021/203 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/203/001.2021.issue-203-en.xml IMF e-Library