A major shock

The current pandemic crisis is a major global disruptor. It will have a complex cluster of impacts in many areas, from the political one up to the behavioural. Some of the consequences might end up by being positive transformations. When I say that I have in mind an increase in the work from home, which saves time and keeps fewer people in crowded and long commutes. I also think of greater investments in preventive health and more equal access to basic health services. On the other hand, it will have dramatic consequences on jobs, on poverty and despair, and on the performance of major economic sectors, including the banking one. The longer this crisis lasts the more complicated the recovery will be. And we have a prolonged period in front of us. This should mean that we must do whatever we can to prevent the transmission of disease.