The only way to stop Corona Virus is..
The Corona Virus edition of the newsletter.
The world economy is about to enter a bad recessionary phase, if UNCTAD is to be trusted.
But then, leaving the macro aside - it is time to stay focused on what’s important for us in the current moment and how we can deal with Corona virus scare.
Presenting today’s edition of the newsletter focused on a few key macro updates and ways to survive the upcoming recession (hope we are wrong in saying that).
The Only way to stop Corona Virus (for now): Cancel Everything
Italy had 62 identified cases of COVID-19 on the 22nd of February. It had 888 cases by the 29th of February, and 4,636 by the 6th of March and 7,375 confirmed cases by 9th of March.
Before China canceled all public gatherings, asked most citizens to self-quarantine, and sealed off the most heavily affected region, the virus was spreading in exponential fashion. Once the government imposed social distancing, the number of new cases leveled off; now, at least according to official statistics.
Harvard and Several Universities Move Classes Online Due to Corona Outbreak
Harvard University told students Tuesday not to return from their upcoming spring break due to coronavirus fears.
We will begin transitioning to virtual instruction for graduate and undergraduate classes. Our goal is to have this transition complete by Monday, March 23, which is the first day of scheduled classes following Spring Recess.
How to survive recession #ThreadMill
Great insights from Mixpanel founder, Suhail.
It’s time to get lean & scrappy culturally. Being lean means removing expenses that are unnecessary. The right employees don’t care about free Kombucha. Being scrappy means finding clever solutions to otherwise difficult, time costly, or expensive options.
Coronavirus crisis could cost world up to $2 trillion: UN
The world risks experiencing “widespread insolvency”, UNCTAD warned, adding that “a sudden, big collapse of asset values which would mark the end of the growth phase of this cycle cannot be ruled out.”
In the most dramatic scenario, the worst-hit economies would be countries that rely heavily on exports of oil and other commodities, as well as those with tight commercial ties with China and other countries first hit by the outbreak, the UN economists found.