Differences Between New Coronavirus and SARS Show Why Quick Economic Recovery Is Unlikely

To see what economic recovery from Covid-19 could look like, some people are examining the closest modern equivalent: Hong Kong in 2003. That is when the territory’s economy was ravaged by severe acute respiratory syndrome—another epidemic caused by a coronavirus—and then staged a remarkable comeback in less than a year.

The outbreak started early in the year; by May, Hong Kong’s economy was reopening—like today. So speedy was the recovery that eight months after patients first hit hospitals, Hong Kong was hosting a $100 million...

Where was all this concern about Coronavirus last week?

'COVID-19 pandemic is now making its mark on emerging and developing economies' WBGEP2020 CCG_org ambermac WorldBank

kenm77 This makes sense

Virus pays zero attention to timelines

143 active cases in Australia. Zero active cases in New Zealand. Recovery from anything is impossible if pointing fingers at others is the action plan.

EthicalSkeptic thoughts?

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Source: CNBC - 🏆 12. / 72 Read more »