Red tape is exacerbating the economic fallout brought on by the coronavirus crisis by making it more difficult for businesses to adjust to changing circumstances.  

While no one could foresee the outbreak of a global pandemic, politicians and bureaucrats have willingly ignored the red tape crisis for years.  

Red tape increases the likelihood of economic crises, deepens these crises when they occur, and prevents a quick economic recovery. 

Red tape makes the economy more susceptible to economic shocks by putting unnecessary pressure on businesses even during the good times.