Flu pandemic of 1918 hit poor economies hardest – ECB paper

ecb

Poorer countries’ economies were particularly affected by the influenza pandemic that began in 1918, a working paper published by the European Central Bank finds.  

In Macroeconomic risks across the globe due to the Spanish Flu, Roberto De Santis and Wouter Van der Veken use a non-linear method to assess how much different countries’ GDP declined during the pandemic.

The ECB paper finds that the typical country caused a cumulative fall in GDP of about 7.2%, with 70% of the damage occurring in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: