Recession and recovery from the pandemic

We develop an SIR-macroeconomic model with virus detection and inequality to study their implications for economic health consequences during a pandemic crisis. find two-way relationship between the recession that exacerbate each other although such vicious circle could be broken by accurate extensive testing. This mitigation effect can improved given complementary arrangements as social protection. The not only better alternative intervention lock-down break “life-or-economy” trade-off, but also prevent economy permanently damaged if there is reinfection.