Economic cost Economic Crash Could Cost More Life Than Coronavirus, Says Expert

Published 26 March 2020

If the coronavirus lockdown leads to a fall in GDP of more than 6.4 per cent more years of life will be lost due to recession than will be gained through beating the virus, a study suggests.
Philip Thomas, professor of risk management at Bristol University, said that keeping the economy going in the next year was crucial, otherwise the measures would “do more harm than good.”
“I’m worried that in order to solve one problem we’d create a bigger problem,” he said a day after economists predicted we were on course for the worst recession in modern history.
Tom Whipple writes in The Times that there is a clear link between GDP and life expectancy, in part due to richer countries being able to spend more on healthcare, safety and environmental regulations. This means it is possible to calculate roughly the effect of increased, or decreased, wealth on the health of a population.