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COVID-19

The Economic Impact of COVID-19

COVID-19 has been an overall wake-up call for the world. While the virus and its biological effects take a toll on the health of millions around the world, the economic impact from the disease has been hard hitting.

The United States weekly unemployment numbers were at 4.4 million ending the week of April 23, 2020. Some total 26 million total jobless claims in the short span of 5 weeks.

There’s little surprise that the people who are suffering the most at this time are those in the travel & hospitality industries. Companies like Walt Disney World and Marriott both announced furloughs for staff, leaving several with no source of income during these uncertain times.

Pebblebrook Hotel Trust, the company that runs 50 hotels in the US let go of 4,000 employees. Danny Meyer’s Union Square Hospitality Group let go of 2,000 employees.

new zealand

Flattening the Curve & How New Zealand Got to Zero Cases and Achieved 100+ days without Community Spread of the Coronavirus

By now, you’ve ogled at and interpreted several charts, graphs, all relating to COVID-19, especially those talking about flattening the curve.

In simple terms to flatten the curve of a disease means trying to ensure that there is a delay in contagion from one person to another – and slow down the spread of a virus to tackle it patient to patient. If all people get sick at the same time there will not be enough hospital beds to save them.

By wearing masks and other PPE, practicing social distancing, the virus has a lower chance of succeeding and infecting others. Hence the curve starts to flatten.

Several states across the U.S. have started reopening the economy, which means in order to truly follow the guidelines given by the CDC on flattening the curve – everyone should be wearing a mask and practicing social distancing to avoid spread of the coronavirus.