Covid 19 seem to be an huge crisis factor for the economy of several country .
Im looking data for a first evaluation on EU and USA economy for to understand the best action for fight this impact .
It reduces the economic impact of the main industries due to irregular operation in compliance with the lockdown.
In this RG open question there are some economic data about the response of Italy (GDP & Debt/GDP) to the pandemic event ....
https://www.researchgate.net/post/The_novel_Coronavirus_in_N_Italy_Lombardia_COVID19_2019nCoV_SARSCoV2_shows_a_fatality_rate_compatible_with_SARS-MERS_Why
From this dramatic epidemic, I hope that new growth trajectories on EU and USA will be chosen. Trajectories based on new localized industries, when possible, as close as possible to consumers to reduce transport and de facto protect the environment. We know these driving industries. These are those of biochemistry, organic or reasoned agriculture, bioenergy or green energy, health, social and solidarity economy but also communication and artificial intelligence or rather big data ( Blockchains, smart cities…).
The experience of confinement will also teach us that teleworking works! I am convinced (and it will have to be studied to verify) that millions of employees are realizing at the moment that it is not necessarily necessary that they stay an entire week on the premises of their company to be productive. Employers are also seeing the benefits of telework. With this in mind, the organization of working time could be usefully redesigned to generalize telework whenever possible (for example 2 days a week). Millions and millions of km of transport would be saved and this would have a great impact on CO2 emissions, traffic congestion, noise pollution and more generally the physical and moral health of employees.
Businesses for their part would save premises, which would slow down the concreting of the activity zones.
The Covid-19 pandemic has scarred the world. It is life now completely unrecognisable in comparison to the freedoms we had a few short months ago. Whether Covid-19 triggers an economic crisis depends on the ability of industries to adapt to the new normal.
Lockdowns have restricted travel so those industries which have successfully digitalised are thriving. Whilst those businesses that are unable to do so are in danger of collapsing and bringing a significant chunk of the economy down with them.
In this global technocracy, almost everyone has access to a personal digital device. The limiting factor to successful digitalisation is therefore the industry rather than the public. So, the industries that will survive the Covid-19 crisis are those who either do not need to digitalise or can digitalise completely. For example, even the education system has fully digitalised. From kindergartens to universities; every educational institution is holding online classes. Some are even pre-recorded. Homework is submitted at the click of a button. This new system has resulted in cost savings and one wonders why this was not more common before.
The hospitality business has suffered as it can only partially digitalise. Sit-in restaurants are empty but online take-away services are booming. The role of tele-medicine in the healthcare sector is increasing for outpatient services. Some patients even prefer to have a consultation via telephone or video calls whilst sitting in their own homes. However, many people are unwell and need to be admitted to hospital. So, this sector can’t fully digitise.
Any sector in the economy that can digitalise will thrive under these conditions of the Covid-19 pandemic. Indeed, once the lock downs end these industries may remain fully online having realised the significant benefits of digitalisation.
However, it is difficult to digitalise international travel. Furthermore, now that the world is more digitalised than ever before, we do not need to travel as much as we did before. So, it will be interesting to see what remains of the airline industry when the lock downs end…
In this slide there is the DEBT GDP ratio of some Europe countries & USA vs. death numbers COVID-19 associated >>> https://www.researchgate.net/figure/ResGa-FxFac-post_fig82_339781431
Technical Report WCO on COVID-19: The WCO Private Sector Consultative Group o...
In Germany the number of recovered persons is rising continiously and more than halfe are recovered and we are through the first wave... The lockdown is loosinging and 4 out of 16 states have issued an obligation to wear face masks. but the situation is fragile. The reproduction number as fallen below 1 (to 0.7, 0.8 and yesterday 0.9) but it must stay there... In order to receive herd immunity in 18 months we would require 72,000 new infections per day!
Technical Report UN on COVID-19: Resolution on Global solidarity of the Unite...
It reduces the economic impact of the main industries due to irregular operation in compliance with the lockdown.
Technical Report INTERPOL on COVID-19: Crime landscape changes – global risk assessment
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