HBR.org
In their guest column for Harvard Business Review, BCG’s Philipp Carlsson-Szlezak, Paul Swartz, and Martin Reeves discuss the underlying dynamics of a pandemic-induced recession. The authors assert that a health emergency requiring restrictive public-health interventions creates a severe economic disruption, which must be bridged by economic policy. They believe that successful public-health interventions can reduce the cost, risk, and complexity of the needed economic policy response. They advise business leaders to pause and take stock, build resilience, and capture advantage in order to combat the recession