Coronavirus Versus a Broken Economy

LAURENCE GATES

Summary

With the rise of a pandemic of a global scale comes the destruction of the economy. As more people must stay home and isolate while medical practices become overwhelmed, the decline of economic standing can be seen. When people are staying home, the economy is not being stimulated by the incoming money and many businesses must close. COVID-19 has taken its toll on both the health and the economic sectors, leaving destruction in its wake. Economy Was Broken by the Coronavirus aims to show European business leaders and politicians how they can build better practices as the pandemic comes to a close. With this guide, business can prepare for a collapse should another pandemic arise. As it currently stands, the unemployment rate due to COVID-19 is rising. In this quarter alone the rate is expected to jump from 20% to 35%. By studying better practices and how other countries are handling the pandemic, business leaders can learn how they can best protect their company and their people. In Economy Was Broken by the Coronavirus, business will be shown aspects of planning to consider should a situation like the Coronavirus ever occur again. These aspects include: -Creating solutions and guidelines around health and safety that are clearly worded and communicated to ensure both company and public understanding.-The creation of effective local plans that are ready to be acted upon should a situation arise. -Ensuring consistent steps that are followed through every day to avoid a lapse in effectiveness.Businesses and politicians need to be better equipped to deal with the possibility of an uncertain global economy.

Available since: 05/08/2020.

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