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Covid Pandemic Colonizing Your Own People

Understanding the Economic Shock of Coronavirus | Harvard Business Review |

As the coronavirus continues its march around the world, governments have turned to proven public health measures, such as social distancing, to physically disrupt the contagion. Yet, doing so has severed the flow of goods and people, stalled economies, and is in the process of delivering a global recession. Economic contagion is now spreading as fast as the disease itself.

This didn't look plausible even a few weeks ago. As the virus began to spread, politicians, policy makers, and markets, informed by the pattern of historical outbreaks, looked on while the early (and thus more effective and less costly) window for social distancing closed. Now, much further along the disease trajectory, the economic costs are much higher, and predicting the path ahead has become nearly impossible, as multiple dimensions of the crisis are unprecedented and unknowable.

Former Federal Reserve Chair Alan Greenspan - Interview CNN

Many economists interviewed on CNBC urged federal and state policy to be set to contain the virus and mitigate its damage to society. That's the first priority ...

by Oui on Fri Nov 20th, 2020 at 01:15:42 PM EST

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