Coronavirus (or Covid-19) has caused the world to turn upside down in a very short time. As of last week, the picture in Norway has changed dramatically. Today, Norway is the second country in the world when it comes to the number of coronavirus infected people per million inhabitants.
We watched many apocalyptic movies and now it looks like we are experiencing one. Coronavirus may not be as dangerous as viruses we see in movies, but still, it comes with some serious consequences.
On March 09th McKinsey & Co published their view of three possible scenarios regarding the economic consequences of the Covid-19 virus. These three are quick recovery, the global slowdown, and global pandemic. So far, we do not know about any country that had a quick recovery scenario.
Today is the 14th of March and it looks like Norway is experiencing the slowdown stage. Aviation and tourism are the most damaged industries. The fall in the demand came suddenly and we do not know how long it will last. Schools, kindergartens and all services have been closed since that could add to the spreading of the virus.
In the meantime, China has sent medical help to Italy. Norway is also in contact with China to supply Norway with necessary medical equipment. People in Norway are trying to exercise solidarity and help each other. For example, a FB group “Corona help- Bergen” in just several hours got more than 11.000 active members. People are concerned but have open their arms to help.
The falling numbers of infected in China also gives hope. However, it is still very inconclusive about how things will develop. I do hope for the best that a vaccine will come out soon. In the meantime, most of us will be working remotely. Homes have become workplaces and virtual meetings will finally experience its true test. Being open-minded, solution-oriented and helpful could make a great difference in these uncertain times. This way we contribute to creating a positive and constructive atmosphere that contributes to faster recovery.
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