Professor Roger Farmer comments on the Bank of England Monetary Policy Committee decision to extend the quantitative easing programme and keep interest rates at 0.1 per cent.
"Unprecedented times call for unprecedented policy responses" - Professor Abhinay Muthoo comments on the GDP drop
"This is unprecedented in living memory. It is hugely tragic in so many ways but especially in terms of what it has meant and means for many people’s livelihoods and for many businesses." Professor Abhinay Muthoo, Dean of Warwick in London, comments on the news that output in the UK fell by 20.4 per cent in April compared with the previous month.
As Centrica, the owner of British Gas, has announced plans to cut 5,000 jobs, Professor David Elmes of Warwick Business School and Professor Mike Waterson of the Department of Economics comment on the factors that may have led the company to this decision.
The UK passed the peak of new Coronavirus cases on April 8, and the disease is now on a downward trajectory, but zero new cases are not now predicted until early August, according to updated modelling from Dr Roberto Pancrazi (Warwick Economics and the CAGE Research Centre)
It was suggested following yesterday's Coronavirus Press Briefing that the economic downturn in the wake of the virus could be the biggest since the 18th century South Sea Bubble. Economist Dr Claudia Rei explains the difference between a bubble and the unprecedented situation the world economy is now facing.