Chart of the weekGlobal Uncertainty Related to Coronavirus at Record High

By Hites Ahir, Nicholas Bloom, and Davide Furceri The coronavirus continues to spread. As more countries impose quarantines and social distancing, the fear of contagion and income losses is increasing uncertainty around the world. A new measure of economic uncertainty related to pandemics and other disease outbreaks finds that uncertainty around the coronavirus is exceptionally high and is much higher than in past outbreaks. To quantify uncertainty related to the coronavirus crisis and compare it with previous pandemics and epidemics, we developed the World Pandemic Uncertainty Index (WPUI)—a sub-index of the World Uncertainty Index—for 143 countries starting in 1996. To … Continue reading Chart of the weekGlobal Uncertainty Related to Coronavirus at Record High