China has been locked-down for nearly 3 months. But with less than 500 new cases of Coronavirus in over a week, its economy is now beginning to show signs of life as lock-down restrictions are lifted and exports begin to ramp up. With China showing evidence of a potentially sharp recovery curve, is this a positive indication of what other countries, currently embroiled in their own battles against the Virus, can expect as well?
While China was quick in its attempts to contain the virus, other countries were much slower in adopting strict social distancing measures. For countries such as the U.S. and UK, a flattening of the spread rate has not yet been observed, which means the worst is still yet to come. And by some estimates, the death toll in America alone could reach 250,000. It is also unclear if the economic repercussions will be temporary or lasting as the conditions that have pushed the world’s economies into this current recession are fundamentally different than that of 2008.
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Here’s what people are saying about it:
Amazon’s fires a working for organizing Covid-19 strike. Will it spark a workers movement?
Bezos needs to get checked. May this ignite an unstoppable workers movement. https://t.co/shselsv7Np— Kaniela Ing (@KanielaIng) March 31, 2020
The data supports a very sharp V shaped recovery for China:
Trump attempts to get ahead of the virus’ enromous death toll, but not everyone is buying his message:
Trump went from bragging that he would keep the virus from killing a single American to bragging that he’ll keep it under a quarter million deaths.— Jared Yates Sexton (@JYSexton) March 31, 2020
Wrap your head around that. Don’t let the normalization of his lies numb it.
250,000 living, breathing humans.
Some landlords are now allowing partial rent payments to be deferred during Coronavirus. Is it enough?
The company, which recently announced it was pausing rent increases, is now offering to defer 50% of up to three months’ rent for tenants who can’t afford to pay the full amount. #ottnews https://t.co/l3R5L2gZWT— CTV Ottawa (@ctvottawa) March 31, 2020