Why it makes sense to resume economic activity – The National

Why it makes sense to resume economic activity – The National

People have been laid off and we are in the midst of an economic crisis.. We will soon have the trifecta of crises: the health crisis , an economic crisis, and as a reflection of that, a financial crisis .. Unlike the global financial crisis of 2008 which originated from the financial market and dragged the economy down, this crisis will originate from the real economy.. Governments are issuing shut down orders "until further notice" or that a scheduled shutdown will be extended.. So after a lengthy shutdown, our population will still have no immunity.. Absent a vaccine and an effective treatment, we have no defence when the virus hits a second time - perhaps this coming winter.. Leaders worldwide must rethink our coronavirus strategy.. The shutdown seems to have worked in China but the West simply cannot copy fully China's method .. But with a prolonged shutdown, these sums are simply insufficient.. Prolonged shutdowns that obliterate 80 per cent of economies simply do not have a price tag.. After a blunt shutdown, allow the wisdom of crowds to take place.. The shutdowns will have educated people of the risks of the virus and collectively