PIDE Newsletter 01
Newsletter

• Germany’s strict no-debt (black zero) policy is at stake due to COVID-19 outbreak. • Germany has high infection rates but few deaths. There are 17742 cases with the highest number of new cases i.e. 2422 on 20th March. Merkel expects that up to 70% of Germans might become infected with COVID-19. • French police handed out over 4,000 fines on the first day of a nationwide lockdown. • The European Central Bank launched a €750 billion ($820 billion) emergency bond purchase scheme. The Pandemic Emergency Purchase Programe should push down borrowing costs and help counter the economic slowdown in the bloc caused by the virus.

Idea by VC PIDE; Dr. Nadeem-ul-Haque.
Prepared by:
Dr. Zulfiqar Ali Kalhoro, Dr. Saud Ahmed Khan, Dr. Hassan Rasool, Dr. Ahsan ul Haq Satti, Dr. Amena Urooj, Ms. Fizzah Khalid Butt.