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

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HONG KONG (BLOOMBERG) - Every economic shock leaves a legacy. The deadly coronavirus will be no different.. Read more at straitstimes.com.

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.

Analysis by Bain & Company found that China will see pronounced immediate changes in health care as more and more rudimentary checkups and transactions are conducted through online channels to avoid the risk of contamination in crowded waiting rooms and wards. "I think most businesses and certainly the behemoths in the US and elsewhere will not fail to go back to normal business practices," he said.

 

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Personal hygiene most imptly

Who is writing this 💩? 🙄 Is journalism dead in Singapore?

I will certainly stop travelling...lol

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