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Posted on April 19, 2020 by David Levine

Impact of the lockdown on economic activity in Spain

Carvalho et al in “Tracking the COVID-19 crisis with high resolution transaction data” find a nearly 50% decline in activity after the lockdown and about a 50% increase in the share of online sales. In the days before the lockdown there was about a 20% increase in sales – presumably due to stockpiling.

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