Pandemic, Recession, and Mitigation
Historian Yuval Hariri said in an interview with CNN that the present pandemic is the worst we have faced, at least in the last 100 years.
A passenger wearing a face mask goes to the Lufthansa check-in counter at the Airport in Munich, Germany, Wednesday, March 18, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia.
Historian Yuval Hariri said in an interview with CNN that the present pandemic is the worst we have faced, at least in the last 100 years.No person, institution or country has had the experience of handling a pandemic of this magnitude. As a result, no reference is available for creating simulations, designing scenarios, and developing mitigation strategies. It has been difficult to run simulations, because there are still too many assumptions to date. The scale of infection is too broad, while the dynamics of the pandemic is still developing. The milestones of tragedy, as the World Health Organization (WHO) stated, has already been exceeded. The Covid-19 pandemic has caused a simultaneous humanitarian and economic crisis, one of the worst in the history of the modern world.
The main focus at present is the efforts to ensure safety and health amid the continuing impacts on the global economy. Three of the world’s manufacturing centers, China, Germany, and the US, have been exposed, threatening to paralyze the global supply chain.