Denmark's Idea Could Help the World Avoid a Great Depression

The government of Denmark is taking drastic measures to stem the tide of economic depression already hitting parts of the world in the wake of the COVID-19 pandemic. The government told companies affected by the economic downturn that it would pay 75 percent of their employees’ salaries to avoid mass layoffs, with the price tag of 13 percent of the national economy in three months.

This is a rapid response story about a coping strategy. Due to the urgent crisis, we are relaxing the ‘evidence of effectiveness’ criterion for solutions coverage on COVID-19 to capture early stage, improvisational, and experimental responses that cope with the pandemic.

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