Coronavirus will change how we shop, travel and work for years

The great depression spurred a “waste not want not” attitude that defined consumer patterns for decades. Hyperinflation in the Weimar Republic still haunts German policy.

In the white-collar world, workplaces have amped up options for teleworking and staggered shifts -- ushering in a new era where work from home is an increasing part of people’s regular schedule. The virus has also turned the economic policy outlook on a dime and created new priorities. Central banks are in emergency mode again, while governments are digging ever deeper to find money to prop up struggling sectors. Hygiene is soaring up government and corporate agendas -- indeed, Singapore already plans to introduce mandatory cleaning standards.

Story continuesGovernments may spend much more on health care to avoid the massive cost associated with epidemics, according to a new paper on the macroeconomic impact of the virus published by the Brookings Institution and co-authored by Warwick McKibbin and Roshen Fernando of the Australia National University.

Economists like Paul Sheard, a senior fellow at Harvard University’s Kennedy School, also caution that because no two economic shocks are the same, it’s far from certain what legacy this one will leave.

Good

Covid-19 has changed the culture of the world in very short period

Holiday Holiday Latest News, Holiday Holiday Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus: India travel ban impacts tourism and aviationNEW DELHI - Singaporean Anita Narang, a sales manager in a multinational corporation, was all set to go to India next month for a wedding in the family.. Read more at straitstimes.com. You guys can only find ways to criticise !
Source: The Straits Times - 🏆 8. / 63 Read more »

US ban on European travel heaps new coronavirus woes on airlinesLOS ANGELES (REUTERS) - A clampdown on European travel to the United States will heap more pressure on airlines already reeling from the coronavirus pandemic, analysts said, raising the odds of government relief packages as billions of dollars of tourist spending vanish.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Kenya bars athletes from global travel over coronavirus worriesNAIROBI: Kenya's athletics authority said on Thursday it had barred its athletes from travelling to international events due to concerns over the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Pence defends Europe travel curbs as more US coronavirus cases expectedVice President Mike Pence on Thursday said thousands more coronavirus cases are expected in the United States, and officials are seeking to ramp ... The man who solves every problem by praying
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Coronavirus: Liverpool fans in S'pore cancel or delay travel plans to AnfieldSINGAPORE - Liverpool jersey and scarf at the ready, die-hard fan Wesley Wee had planned a once-in-a-lifetime trip to Anfield to watch their game against Crystal Palace next Sunday (March 22).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »