The economy can’t recover until the virus is gone

I’m a fan of Ross Gittins of the SMH. I have included his edited story in the blog below. As a resume writer and employment expert, I am flat out writing resumes and cover letters for clients who have lost their jobs. There’s no rest. There are simply are not enough jobs and ‘virus blooms’ we see in Victoria, make it worse.

Until a vaccine is available globally, lasting elimination is a delusion.

The simple truth is, the virus comes to us from abroad. Our biggest problem is its continued spread in the rest of the world. Every time we let through a carrier from abroad it spreads exponentially, triggering much community transmission. We then have to frantically identify everyone who’s been infected and stop them infecting others.

Sydney’s smaller outbreak is best explained by the arrival of a super spreader from Melbourne. Perhaps more than one.

If you have weaknesses in your quarantine regime, or deficient contact tracing, it doesn’t matter whether the label on the policy you’re pursuing says “elimination” or “suppression”. As economist-turned-businessman Andrew Mohl has reminded us, in real life what matters more is not the strategy you choose, but how well you execute it.

It also follows that Sydney and Melbourne have had – and always will have – the greatest infection problem, simply because they’re the country’s two main international gateways. While ever there’s some doubt about the effectiveness of these two’s quarantine arrangements, the other states are justified in closing their borders to the south-eastern reprobates. Better four states virus-free than none.

It’s easier to see now than it was a month ago that, with the rest of the world still highly virus-prone, lapses and setbacks were inevitable. And with no vaccine yet on the horizon, that may remain true for months, even years to come.

There seems little doubt that Melbourne’s return to lockdown will set back the recovery in the national economy both directly (because of Melbourne’s one-fifth share of it) and indirectly, because of the fears and uncertainty it engenders in the rest of the county.

Until a vaccine is available globally, lasting elimination is a delusion. We shall either have to hide under the bed till then, or become inured to living in a much riskier world.

The full story is here: https://www.smh.com.au/business/companies/the-economy-can-t-fully-recover-until-the-virus-is-gone-20200719-p55dd8.html

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Malcolm builds expert resumes, cover letters and LinkedIn profiles, which unleash an unbeatable business case to promote you as a ‘must have’ asset to an employer.