Tuesday 25 February 2020

Don't panic and be prepared


The coronavirus is impacting the world economy in an extraordinary manner. Yesterday and today, the financial markets lost trillions of dollars. That’s about real people’s money as well as pension funds and other institutional investors. That’s wealth that simply evaporates. Every time a new person is found sick, here and there, specially in the most developed economies, that sends a shockwave across the markets. There is a massive reaction because the world has become a village and people are constantly on the move. Besides that, what is produced here needs components from afar and a supply chain that crosses half of the planet.

The key point at this stage is to be able to show to the public opinion that the epidemic can be contained. In addition, it is important to underline that most of the cases can be easily treated in the right hospital environment. Panic would bring a major global crisis.


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