These are but a few of the pressing questions, currently on the minds of all in Austria and in Europe. Researchers at IHS have taken on the quest to find timely and accurate answers. On this page we collect data, sources and media reports related to COVID-19, manifesting the excellent work by our researchers.
The Economic Consequences of the COVID-19 Outbreak
Current economic prognoses on the economic consequences of the COVID-19 outbreak are highly volatile and marked by a high uncertainty. In regular Policy Briefs, we give an estimate on the economic consequences, taking into account the most recent developments regarding, among other things, social distancing measures, public aid funds or labor market developments.
The corona pandemic and the measures taken to contain it are causing a considerable global economic downturn. For Austria, we expect real GDP to decline by at least 2 % in the year 2020. This forecast is subject to an exceptionally high downside risk, as the depth of the economic slump will depend on the further course of the pandemic as well as on the macroeconomic support and health policy measures and their effectiveness. As a result of the partial halt in production, unemployment is rising sharply, at least temporarily. The extensive support measures taken by the Federal Government are necessary to stabilise the economy, but will place a considerable burden on the budget.
Fünf Thesen zur Kündigungswelle (Die Presse, 1 April)
WIFO und IHS rechnen mit Rezession (ORF.at, 26 March)
Soll der Staat nur Unternehmen helfen, die keine Mitarbeiter entlassen? (Der Standard, 25 March)
Ablaufdatum in Krisenzeiten (ORF.at, 23 March)
Hilfspaket reicht für einige Monate (OÖ Nachrichten, 23 March)
Ein europaweites Corona-Testprogramm ist dringend gebraucht (Op-ed by Martin Kocher, Gabriel Felbermayr, Die Presse, 20 March)
Health Economic Aspects of COVID-19
Besides contributing to the policy brief update, the IHS research group Health Economics and Health Policy constantly evaluates measures taken against the current coronavirus outbreak. In an article for the IHS-Blog Thomas Czypionka and Miriam Reiss give insights on how the numbers of currently infected persons are to be contextualized and what an estimation of actually infected persons could look like.
In policy brief Thomas Czypionka, Gerald Röhrling and Miriam Reiss contrast the publicly voiced deman for more SARS-CoV-2 testing against the possibilities and limitations of current testing methods. They conclude that the goal of testing is correct, however, there are different objectives in dealing with the COVID-19 pandemic that all require different testing strategies.
"Das Virus kann immer wieder wieder aufflammen" (trend, 27 March)
Warum Österreich so wenig Corona-Tote hat (Wiener Zeitung, 25 March)
Alles steht und fällt mit den Tests (Der Standard, 24 March)
"Schätzen die Dunkelziffer auf 50.000" (Kronen Zeitung, Online+TV, 23 March)
Warum wir nicht wissen, wie tödlich Corona wirklich ist (Addendum, 23 March)
Coronavirus-Kurve in Österreich wurde schon 3 Tage in Folge flacher (der brutkasten, 22 March)
Zu wenige Tests, zu viel Spekulation um die Dunkelziffer (Der Standard, 21 March)
Social Aspects of COVID-19
The current exceptional situation and in particular the measures taken to contain the COVID-19 pandemic also have a profound impact on our society. Whether in the educational system or in the relationship between technology and society - the crisis is having an impact. In their blog post After the pandemic, Robert Braun and Dagmar Rychnovská, for example, address the question of the consequences of the current crisis situation. They conclude that the next challenge will come when the pandemic is over and we are aware of how quickly our societies are capable of transforming our way of life.