As we continue to see disruption due to #COVID-19 responses at all levels of the world’s #economies, the question asked by most is “when will we return to normal”?
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The true question is what is “Normal”?. Normal in the case of pre-COVID-19 strategies means especialy in developing states; High interest rates, High oil prices, High rental costs, High house prices, High unemployment, High university fees, load shedding, poor infrastructure, low wages, poor access to public health, high inequality etc etc etc.
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Current COVID-19 responses have left us with unpaid loans, unpaid rent, HIGHER unemployment, decimated industries and sectors, HIGHER national #debts, lower #GDP’s and an over burdened and stressed #public #health sector. These have resulted in the ominous reality of lower #pollution levels, low #oil prices, no load shedding and a confused #education system at a minimum.
So now to the new NORMAL post COVID-19. Can this normal really be normal? As we now face a “rebuilding” phase, then normal just might not be normal as we know it, so we must be geared up to face a reality of new economic order or at least new economic configuration.
The conversation continues http://www.rdjconsulting.co.za
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