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Let's talk business.
Many governments still struggle to understand that not controlling #COVID19 harms the #economy more. Because:
Consumers remain anxious. Also without lockdowns.
(EN translation of today's Dutch thread)
/1 https://marker.medium.com/forget-shutdowns-its-demand-shock-that-s-killing-our-economy-3062e94c122e
Many governments still struggle to understand that not controlling #COVID19 harms the #economy more. Because:
Consumers remain anxious. Also without lockdowns.
(EN translation of today's Dutch thread)
/1 https://marker.medium.com/forget-shutdowns-its-demand-shock-that-s-killing-our-economy-3062e94c122e
#China already seems to prove that successfully controlling the virus increases consumer confidence and helps the economy recover.
See this tweet by @jonsnowC4:
/2 https://twitter.com/jonsnowC4/status/1318074203254476802?s=20
See this tweet by @jonsnowC4:
/2 https://twitter.com/jonsnowC4/status/1318074203254476802?s=20
This recent @IMFNews World Economic Outlook research - in a nutshell - also shows that:
#COVID19
->
Anxiety/voluntary social distancing ->
Consumer confidence / #Economy
/3 https://blogs.imf.org/2020/10/08/covids-impact-in-real-time-finding-balance-amid-the-crisis/
#COVID19
->Anxiety/voluntary social distancing
->Consumer confidence / #Economy
/3 https://blogs.imf.org/2020/10/08/covids-impact-in-real-time-finding-balance-amid-the-crisis/
So, #herdimmunity strategies, politics and symbolic measures will backfire.
More economic damage caused by extended low consumer confidence will be an unintended consequence of above strategies.
/4
More economic damage caused by extended low consumer confidence will be an unintended consequence of above strategies.
/4
Although in the #Netherlands one seems not be convinced yet as this tweet from @annaholligan shows.
/5 https://twitter.com/annaholligan/status/1318174957449379840
/5 https://twitter.com/annaholligan/status/1318174957449379840