Coronavirus (COVID-19) Discussion Thread

[Mnementh]

Pemalite said:

Australia's first recession in almost 30 years... All thanks to COVID. 7% hit.
Wonder how much more that would have been if the Government didn't inject 300~ billion back into the economy...



The bright side is... We have taken a significantly less hit than say the United States who didn't bother to lock down like we did. - So we saved lives and took less of an economic hit... Makes you wonder how American conservatives can place economic output above lives when they have blatantly failed at both.

Korea did also pretty well with handling the outbreak and is hit much less economically than other OECD-countries: http://www.koreaherald.com/view.php?ud=20200811000764

China had very restrictive lockdown, possibly the most restrictive worldwide. This helped that China could contain the outbreak mostly on Wuhan and the region. And their economy wasn't hit harder than the countries you list here and was already growing again in Q2: https://www.cnbc.com/2020/07/16/china-economy-beijing-reports-q2-2020-gdp.html

So it seems that you can indeed save lives and have mild economical effects. That is nothing mutual exclusive.