It wipes out about 3 percent of people who get it.
Do the sums and unless it’s controlled, it’s going to finish off 230 million of the worlds population.
I predict most of these people will be taken out in countries with bad health services. Africa is looking very dangerous and parts of the sub- continent and Asia.
In terms of effect on the world economy, If anyone’s interested, in perspective, it won’t wreck it because the virus will come and go.
And I think that should be a year or two.
We are seeing a decrease in demand in some sectors and an increase in others.
Australia, we can feed ourselves quite well and are pretty wealthy, so say we can manage a much higher rate of unemployment if we need to. Most Australians live pretty simply.
I’d say it’s close to over for the property market as we restrict immigration and demand tumbles in the short term. We can’t cut rates much further.
Universities will have to cut overseas student numbers. Tourism will be smashed short term. That’s bad, but not forever. Some of the stock experts are saying to buy stock at good prices before the recovery!
Probably increased rates of crime short term unless the government buffers welfare spending and services. More resources will be needed for policing, defence attorneys and courts.
It will come and go, it’s not a pandemic that kills everyone it’s meets. We just need to keep it away from sick and vulnerable.
In some ways, it will unify people who have an interest in self preservation. Co operation instead of wasteful fighting all the time. Apart from the obvious horror, societies can get stronger with challenges.
The bushfires showed some of the best in people in my lifetime. It was like we lived in the 1970s again.
So it may be negative in your life experience in some ways, but we may emerge as a more caring society.
it’s a good time for courageous government.
