During this period of lock-down, time is freed (for those of us lucky enough to work from home and have a garden) to think about what next. It will be different for sure. However, I don’t believe anybody can imagine how much different and, indeed, in what direction. Much depends on the political decisions taken by individual states/regions and between those states/regions now. As many have pointed out, coronavirus does not recognise borders, while states/regions concentrate on responses within them with an added pinch of nationalism. If this is the path chosen, getting back in economic terms from this politically and humanitarian (for good reasons) supply and demand induced recession, could take 10 years. Alternatively, this could be a turning point for a reset of the economy in a different, maybe overdue, direction.
The full article
It’s an open secret that the Covid-19 pandemic is placing enormous pressure on public services, not least of course the NHS. Another casualty (no pun intended!) is the justice system.
Lawyers all over the country are dipping their pens in the inkwell to sue authorities, (including the government), companies and businesses.
Could this become “the new asbestos” for class action lawsuits?
Learn more in my article “Litigation Landslide”
We have seen it before; “Houston, we had a problem”, one of the most famous communications in recent times, when mission control and the astronauts managed to safely land the Apollo 13 craft on Earth by using creative thinking, pieces of a spacesuit, a flight plan cue card, plastic bags and duct tape to mitigate the problem. Unfortunately, in the COVID-19 pandemic, space suits are even more scarce than other pieces of Personal Protective Equipment (PPE), most flights are grounded (so no cue cards), and plastic bags and duct tape are in short supply as those are being used as makeshift PPE kits. But we still have creative thinking!
Companies have become increasingly aware of the importance of data protection and compliance. Now, however, as we navigate through the global pandemic that is Covid-19, authorities and businesses are collecting and processing new types of personal information, much of it sensitive, so data protection has been catapulted into the spotlight…..or has it?
Well, it should be…..and you can find out why by reading my article (oh go on – you know you want to – it’s only about 1 page long!):
V-shaped, U-shaped or, worst of all, L-shaped? What kind of recession will we have? A quick sharp dip and a sharp recovery?, A sharp collapse, then a flat period before we slowly recover again? Or a permanent recession, from which it takes many years to recover?
Unless we successfully develop a vaccine very quickly, social distancing will ensure our recession will be a U or an L. I hope a vaccine will be developed before TOO many businesses collapse, since business corpses cannot leap to their feet like revived zombies. Even a period of months of social distancing will be enough to cause massive damage to our economy.
Read about the damage caused by the choice made by Britain with two metre social distancing and how we need not suffer this pain if we look at the facts…
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