What is certain from this crisis is that the global and national economies will be faced with serious downturns. The debate is how deep and for how long will the decline be.
Tragically, this will mean widespread business failures and joblessness. The human toll will be very painful to bear. What will this do for our fragile societies, I do not know. Nobody knows except knowing that it will be painful. Many of us have never seen an economic crisis of this scale and impact so it will be difficult to imagine with this will be like. Hope will be a much-needed commodity during this time. Hope that the day after will be better and worth fighting for.
Therefore it is important that we focus our thinking on how can we get out of this bad situation fast and in a manner that doesn’t cause us to fall back into the crisis. Continue reading “The key to a successful recovery from this crisis is how fast the economies can re-allocate both financial and human capital”