July 14, 2024


The business lovers

Differences Between New Coronavirus and SARS Show Why Quick Economic Recovery Is Unlikely

To see what financial recovery from Covid-19 could seem like, some people today are inspecting the closest contemporary equivalent: Hong Kong in 2003. That is when the territory’s economic climate was ravaged by serious acute respiratory syndrome—another epidemic caused by a coronavirus—and then staged a extraordinary comeback in fewer than a calendar year.

The outbreak commenced early in the calendar year by May possibly, Hong Kong’s economic climate was reopening—like today. So speedy was the recovery that 8 months immediately after clients initially strike hospitals, Hong Kong was hosting a $100 million…