OECD Policy Responses to Coronavirus (COVID-19)
This series compiles data, analysis and recommendations on a range of topics to address the health, economic and societal crisis, facilitate co-ordination, and contribute to the necessary global action when confronting this enormous collective challenge. Bringing together policy responses spanning a large range of topics, from health to education and taxes, it provides guidance on the short-term measures in affected sectors and a specific focus on the vulnerable sectors of society and the economy. The content also aims to provide analysis on the longer-term consequences and impacts, steering the way towards a strong, resilient, green and inclusive recovery with co-ordinated policy responses across countries.
- ISSN : 27080676 (en ligne)
- https://doi.org/10.1787/5b0fd8cd-en
Supporting jobs and companies: A bridge to the recovery phase
One year after the outbreak of the COVID‑19 crisis, the future looks certainly brighter but it is not yet time to withdraw policy support for people and companies. Even if the headline labour market figures in many countries look better than in Q2 2020, millions of workers are still on job retention schemes and millions of others are unemployed or underemployed. In the coming months, while countries prepare for the implementation of their recovery plans, it is essential to continue supporting families and companies still deeply affected by the crisis, while providing the right incentives for job creation and resuming work. Without these measures, the recovery would start from an even worse economic and social starting point. The short-term costs are high but they are much lower than the costs of mass bankruptcies, layoffs and a depressed economy and labour market. Furthermore, the short-term costs can be reduced by enhancing the targeting of support to the most vulnerable sectors, companies and households, while fostering start-ups and job creation.