| Phoenix20 said: Combination of protecting economy and minimising losses through sheltering vulnerable old and people with pre-existing health issues. Singapore, South Korea and Hong Kong have kept their economies going and their approach is working. European nations and the Americans can learn from nations that have used better strategies and policies that have worked to minimise loss of human life. |
That was the initial plan in the UK which they started with first, then reversed course since all the mitigation models while sheltering the old and at risk still turned into the collapse of the health care system.
https://www.imperial.ac.uk/media/imperial-college/medicine/mrc-gida/2020-03-16-COVID19-Report-9.pdf
Welcome back to March 16th. Currently the UK has the highest reported daily cases and deaths in Europe thanks to starting late with suppression.
You would have to shelter everyone over 35 to keep critical care demand low enough. It's not just the 65+ and over. And how exactly are you going to separate families to achieve that? Or keep everyone over and under 40 apart in the work place?
South Korea didn't keep all their economy going and is suffering as well
https://www.fxstreet.com/news/south-korea-gdp-seen-lower-on-covid-19-uob-202004131044
“We expect the BOK to slash its 2020 growth forecast of 2.1% at its next outlook review. We note that the central bank did not give an updated growth forecast in the accompanying policy statement today. We project South Korea’s GDP to shrink by 1.0% in 2020, the worst since the Asian Financial Crisis when it contracted by 5.1%. We have factored in GDP contraction of -2.0% y/y in 1Q20 which will likely deepen to -3.2% in 2Q20 before some stabilization in the second half of the year. The pandemic developments form the greatest uncertainty in our growth forecast.”
Tourist industry is obviously hurting the most atm.
But true, the better strategy has been to respond fast, keep on top of it with testing, which is what South Korea did and is doing.
