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Tackling coronavirus (Covid-19) contributing to a global effort

OECD 2020
Cities policy responses

20 juillet 2020

The COVID-19 pandemic brings with it the third and greatest economic, financial and social shock of the 21st century, after 9/11 and the global financial crisis of 2008. This shock brings a halt in production in affected countries, hitting supply chains across the world, a steep drop in consumption together with a collapse in confidence and, finally, a sharp decline in services that reflects the consequences of lockdowns and social distancing, especially in urban settings. Stringent measures being applied, albeit essential to contain the virus, are thrusting our economies into an unprecedented “deep freeze” state, from which emergence will not be straightforward or automatic. The most urgent priority is to minimise the loss of life and health. However, the pandemic has also set in motion a major economic crisis. In many places, ambitious initial responses are underway, but only a combined, co-ordinated effort across all levels of government and stakeholders will meet the challenge. International co-operation has become even more relevant than ever and, in this regard, cities have an important role to play.