H/T Benoit Coeure and Helene Rey This BIS paper, on "Covid-19 and regional employment in Europe") suggests jobs damage may largely fall along familiar north/south divide. (The employment risk index is based on the sectoral exposure and small firms' share of jobs. Darker colors signal higher risk.) https://lnkd.in/eifPSD8 #economy #employment #markets #bis #europe Bank for International Settlements – BIS …see more