COVID-19 Monitor

Last Updated:October 15, 2020

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COVID-19: B.C. Hydro survey shows change to daily routines (Vancouver Sun) Published on: June 12, 2020 | Category: Canadian Business, Global Response

Since mid-March, nearly 90 per cent of British Columbians reported drastically shifting their daily routines, including nearly 40 per cent that are working at home five days a week, according to the survey.
Other findings include that 45 per cent say they are eating breakfast at a later time, and 24 per cent said they are showering less often and for shorter periods of time in the morning.
Almost half of those surveyed said they are cooking more now than they were pre-pandemic, and almost a quarter are making dinner earlier these days.

America Is Done With COVID-19. COVID-19 Isn’t Done With America (TIME) Published on: June 12, 2020 | Category: Global Response

The U.S. is very much on fire, well into a second phase of the crisis, with the COVID-19 caseload steadily rising to more than 2 million confirmed cases and more than 113,00 deaths.
Four of those states—Arizona, California, Mississippi and North Carolina—have yet to decline for any extended window even temporarily; the rest appear to have initially bent the curve downward and are now experiencing a second wave of infections.
Yet the pandemic, if not remotely yesterday’s news, has begun to fade as a front-of-mind issue, pushed out both by the recent demonstrations against police brutality and systemic racism, triggered by the May 25 murder of George Floyd, and perhaps a sort of cultural numbing to all things COVID.
The White House Coronavirus Task Force, whose press conferences were daily fixtures in the early months of the crisis, now convenes three times a week instead of daily—with Vice President Mike Pence, the group’s chair, attending only one of those three regular sessions—and there has not been a press conference in the last month.

KKR asks advisers to ‘share the pain’ amid $18bn spending spree (FT) Published on: June 12, 2020 | Category: Economic Impact

KKR has asked its financial and legal advisers to “share in the economic pain” by providing discounts on work done this year, even as it has emerged as the most aggressive private equity investor during the economic downturn.
The US group with $207bn assets under management has requested discounts of at least 15 per cent from advisory firms that it refers to as “long-term partners,” said several people who received the requests.
KKR’s roster of advisers — accountants, law firms, intelligence companies and consultants — includes some of the largest corporate firms, such as EY and Simpson Thacher & Bartlett, which are among several approached, said people familiar with the matter.

Social media influencers are balancing ‘authentic’ messaging during protests and the pandemic (Washington Post) Published on: June 12, 2020 | Category: Leadership

As the coronavirus pandemic shut down life in the United States, the former Olympic gymnast and social media influencer completely changed her plans for two product campaigns and started donating some of the proceeds.
Companies spent an estimated $5.2 billion on influencer marketing on Instagram alone in 2019, according to social media analytics firm HypeAuditor.
But as with many career fields, the global pandemic — and the subsequent protests that have swept the nation to support the Black Lives Matter movement — has fundamentally changed the way these influencers do their jobs.
Authenticity is now a make or break quality for millions of followers, as well as brands who are seeking a way to connect with consumers in an uncertain time.

One metre or two? Economic pressure stokes distancing debate (FT) Published on: June 11, 2020 | Category: Economic Impact, Global Response

Intense economic pressure to lift coronavirus lockdowns around the world has stoked debate over the minimum physical distancing needed to limit the spread of infection.
Evidence so far suggests that the World Health Organization guideline of one metre is a bare minimum, and that the transmission risk falls further as that gap widens to two metres and beyond.
Fernando Simón, the epidemiologist leading Spain’s virus fight, said this week that two metres was still ideal, even though his country would cut its requirement to 1.5 metres from June 21.

WSJ Survey: U.S. Recovery From Pandemic Shock to Begin by Third Quarter (WSJ) Published on: June 11, 2020 | Category: Economic Impact

The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of the coronavirus pandemic.
A monthly Wall Street Journal survey found that more than two-thirds of economists, 68.4%, expect the economic recovery to start in the third quarter.
Business and academic economists polled in the survey expect gross domestic product to shrink 5.9% this year, measured from the fourth quarter of 2019, a slight improvement from the 6.6% contraction economists predicted in last month’s survey.

Treasury Secretary Mnuchin says ‘we can’t shut down the economy again’ (CNBC) Published on: June 11, 2020 | Category: Economic Impact, Global Response

Treasury Secretary Steven Mnuchin told CNBC that shutting down the economy for a second time to slow Covid-19 isn’t a viable option.
The Treasury secretary’s comments came as Wall Street grew more concerned about a second wave of coronavirus cases in the U.S.
“And not just economic damage, but there are other areas and we’ve talked about this: medical problems and everything else that get put on hold,” he added.

Alberta lifts economic lockdown in an effort to rein in high unemployment (Financial Post) Published on: June 11, 2020 | Category: Canadian Business

This year, Royal Bank of Canada expects the province’s economy to shrink 8.7 per cent, an outcome that’s second-worst in Canada after Newfoundland and Labrador’s expected 9.9 per cent real GDP contraction for 2020.
Unlike other major Canadian provinces that came into the COVID-19 induced recession from a position of strength, Alberta was in a recession even before the pandemic hit.
Alberta Premier Jason Kenney announced Tuesday the province would accelerate the timeline for Phase 2 of its planned re-launch to allow gyms, massage parlours, beautician services and other businesses to re-open this Friday as long as physical distancing guidelines are followed.

Covid-19 challenges New York’s future (The Economist) Published on: June 11, 2020 | Category: Global Response

Cities around the world, take heed.
Construction and manufacturing have now restarted; shops offer pavement pickups. But many businesses are still shut, and most office workers at home.
Workers and firms have continued to pile into cities like New York, even as travel and telecommuting have become easier, because there is so much to be gained by proximity to other human beings, especially when it comes to the “knowledge economy” reliant on highly skilled, highly educated and highly productive workers.

Busy shops and packed buses as Sao Paulo reopens amid coronavirus pandemic (Independent.ie) Published on: June 10, 2020 | Category: Global Response

Brazil is among the South American countries hit hardest by the pandemic, with about 39,000 deaths according to official figures.
Sao Paulo mayor Bruno Covas authorised the restart of commerce between 11am and 3pm as long as shops require customers to use masks and limit those allowed inside.
As the day began, many commuters headed back to jobs unmasked, ignoring Mr Covas’s order that only those wearing masks be allowed in buses and other public transport.

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