Economics vs. epidemiology - Vested UK

Economics vs. epidemiology

Economics vs. epidemiology: The staggering economic toll caused by the pandemic-related shutdown has led to a debate of whether government leaders are listening more to epidemiologists than to economists. Although the two areas of expertise analyze different problems, their response models on how to approach COVID-19 may be more similar than we assume, reports The Wall Street Journal. Now, the question arises, can both sides work in harmony to reach a consensus on how to successfully reopen the country with the greatest economic impact and minimal lives lost?

The struggle of power: The last 40 years has boasted a reigning business model of excess cash, complex global supply chains, and lean balance sheets leading to profit optimization. However, these capitalistic traits are now being challenged by the ongoing pandemic, and vulnerabilities in the system are being exposed.

Although markets have been rebounding, the effects of COVID-19 are said to have long-lasting implications for the U.S. and global economies.  Will we be able to overcome these implications or will capitalism change? Read more on this by Barron’s to get a detailed insight.

A race against the virus: The coronavirus pandemic is forcing startups to mature quickly and adapt their business models to survive the new economic climate, reports The Wall Street Journal. Many of these young companies are under extreme pressure to maximize their margins as their backers freeze previously generous investments. While there is speculation that the funding pullback could be temporary, it is cause of uncertainty for the more than two million people in the U.S. alone who are employed by venture-capital-backed companies.

Extra hurdles for emerging economies: Developing nations may be the hardest hit with the economic repercussions of the COVID-19 pandemic, even in countries that have not yet reported high numbers of cases.  Emerging markets have been hit especially hard, reports the Financial Times, as foreign investors dumped stocks and assets at the beginning of the outbreak. Sudden loss of tourism and oil revenues are especially hard hitting in countries like Brazil, whose already struggling health system is not properly equipped to handle the influx of cases seen over recent days.

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