April 20, 2020 – Governments must employ a risk management approach to facilitate a gradual reopening of the economy, says the C.D. Howe Institute’s Crisis Working Group on Household Income and Credit Support.
At their April 14 meeting, members agreed that ending the lockdowns and restarting the economy will require a risk management approach on the part of governments, as they balance imperatives related to public health, healthcare utilization, the economy and public finance. Members also recognized that industry can play an enormous role in offering a way forward in the return-to-work strategy.
Best practices surrounding the reopening of the economy should include:
The group of economists and business leaders is co-chaired by Michael Horgan, Senior Advisor at Bennett Jones LLP and former Deputy Minister of Finance, Government of Canada; and Kathleen Taylor, Chair of the Board at Royal Bank of Canada.
For more information, please contact: Parisa Mahboubi, Senior Policy Analyst, C.D. Howe Institute; or Nancy Schlömer, Communications Officer, C.D. Howe Institute, phone 416-865-1904 ext. 0247, email: firstname.lastname@example.org.