Business sentiment has become increasingly gloomy. The public and private sectors should work together to overcome the ongoing emergency by prioritising the maintenance of employment.
With the new goal determined, it is desirable to make progress toward the success of the Tokyo Olympics and Paralympics once again.
As well as a health crisis, the novel coronavirus epidemic has become an existential economic challenge for poorer households and millions of companies in China, particularly those in tourism, travel, food and beverage, offline retail and entertainment.
One of the upsides of the lockdown is that one gets to read books that you should read, but never had the time for.
The World Health Organisation declared the novel coronavirus (Covid-19) outbreak a pandemic on March 11
The human dimensions of the Covid-19 pandemic reach far beyond the critical health response.
The decision on Tuesday by Japan and the International Olympic Committee to postpone the Tokyo 2020 Olympic Games – originally slated to start on July 24 – until next summer because of the novel coronavirus pandemic must have been a hard one to make.
It has become clear that Russian President Vladimir Putin is seeking to retain real power even after his term expires in 2024. He will not be able to build stability by further continuing his high-handed rule.
It is rather utopic to say that economies would be remote from Covid-19. Since the World Health Organisation (WHO) announced the pandemic on March 11, the tension about the virus has increased significantly. The financial market and the economy are reacting cyclically with the outbreak.
In the wake of the World Health Organisation declaring the novel coronavirus outbreak a pandemic on March 11, the US Federal Reserve, in its most dramatic move since the 2008 global financial crisis, cut its benchmark interest rate to near zero.