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The 5 things you should be doing now to plan for the end of Covid19…
The 5 essential things you should be doing right now…
ONE: It is worth remembering the recovery is only weeks away. Get ready and start planning for the recovery now — whilst markets are in turmoil and dropping, and yes everything seems desperate and hopeless. However, historically things get back to normally very quickly, as these virus’s tend to disappear as fast as they appear. In many ways see this as another ‘shake out’ the weaker businesses less able to ride the storm, but also think of it another way, consumer demand is simply delayed. Although there will be some adjustment of behaviours, society has short memories.
It’s not armageddon as reported by media that run out of positive things to talk about. They are always first to talk up a problem into a disaster, and sensationalise everything. My guidance stop watching it. Focus on the recovery effort and staying healthy.
So when will things improve and go back to normal?
This issue has always been about exponential scaling as the infection rate of the virus doubles every 4 or 5 days. The objective of social distancing and ‘lock down’ is to flatten the curve. As one can see from China and S Korea once this happens, the rate of new cases drops and things start to return to normal much quicker. And why the Chinese stock market is back in positive territory. In Europe, US and the RoW they are following this strategy in various forms…