The economic devastation from the coronavirus pandemic is only just beginning - Business Insider

, it's reasonable to expect the trajectory for cases and deaths to slowly stabilize and potentially fall.

Given how many people would need to be hospitalized under the herd immunity theory, that's not an option, so economies are left dependent on social distancing — reducing group interactions, movement, and close contact to prevent spread — even after case counts decline. These experiences show that lifting the various stay-at-home, lockdown, and quarantine orders that have done such a good job stemming the spread of COVID-19 can restart case count growth....does not mean a sudden economic bounce back

Concerts, cruises, conferences, crowded flights, crammed buses or subways, and large public gatherings like festivals or theme parks are going to remainrisky to public health until a vaccine arrives, even if people take precautions like aggressive hand-washing, avoiding direct contact like handshakes, and wearing masks.

We haven't even started to talk about the impact on consumers' willingness to spend or companies' willingness to invest. The almost certain decline in confidence among consumers and businesses will further exacerbate the economic shock of COVID-19. Lending programs from the Federal Reserve like those announced Friday will also ensure credit keeps flowing and reduce some of the financial feedback loops which can exacerbate downturns. The Fed will be lending billions to businesses and state or local governments, but that lending will have to be paid back rather than forgiven like small business loans or stimulus checks for consumers.

pearkes Good point out how in the examples of Singapore and South Korea (and Sweden) the situations are still evolving. The list below includes some avoidable and some unavoidable aspects of big city living and those are some of the most productive geographies.

pearkes Good article thank u. Lockdown won’t work reinfection is certain. Vaccine even avail today will take long time to distribute Best of all bad options is to open up and hope as many develop antibody as quickly as possible (not guaranteed) right now it’s self-inflicted econ suicide

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Amazon workers say firm's new time off, sick leave policies are confusing - Business Insider'I don't want to be there but I need the income': Worried Amazon workers say the company's sick leave policy is failing to protect them If labor is ever going to make wage gains now is the time to stand up.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »