COVID-19 Monitor

Last Updated:October 15, 2020

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What will Ontario’s 1st stage of reopening look like? Premier Ford unveils details (CBC) Published on: May 14, 2020 | Category: Canadian Business

Ontario’s first stage of economic recovery will include resuming construction projects and the reopening of some workplaces, seasonal activities and healthcare settings — but if you’re looking to find out when schools or day cares might reopen or when you can expand your social bubble, you won’t find the details in today’s plan.
Starting May 19, retail stores outside of shopping malls with street entrances can begin reopening with physical distancing measures.
In its recovery framework last month, the government said each stage will last at least two to four weeks, at which point Ontario’s chief medical officer of health will be able to tighten certain restrictions, extend the stage or advise that the province can move into the next phase.

Banking: the great return to the office (FT) Published on: May 14, 2020 | Category: Global Response

Top executives are also concerned about the public relations pitfalls if they are seen to be competing for testing resources with hospitals.
Barclays chief executive Jes Staley warned last month that “putting 7,000 people in a building may be a thing of the past”, as social distancing efforts limit the numbers in elevators at the same time and force desks to be more spread out.
Drawing on the experiences of Hong Kong, where temperature checks and thermal body scanners have been the norm in office buildings for months, financial institutions have been composing their own reopening checklists.

Global report: WHO says Covid-19 ‘may never go away’ and warns of mental health crisis (Guardian) Published on: May 14, 2020 | Category: Global Response

The World Health Organisation has warned that coronavirus “may never go away” as its experts predicted that a global mental health crisis caused by the pandemic was looming.
The global health body on Wednesday cautioned against trying to predict how long coronavirus would keep circulating, and called for a “massive effort” to overcome it.
“It is important to put this on the table: this virus may become just another endemic virus in our communities, and this virus may never go away,” said Michael Ryan, the WHO’s emergencies chief.

Could travel bubbles offer a route to economic recovery? (The Economist) Published on: May 14, 2020 | Category: Global Response

It may be a painful fact to contemplate during these locked-down days, but last year the world was more mobile than ever, with people taking 4.6bn flights.
In April this year, though, planes carried just 47m passengers; that level of mobility, annualised, would set the clocks back to 1978.
An idea gaining favour is the creation of travel “bubbles”, binding together countries that have fared well against the coronavirus.

Americans Keep Clicking to Buy, Minting New Online Shopping Winners (NY Times) Published on: May 13, 2020 | Category: Economic Impact

While the shutdowns immediately altered how people spent their money, the patterns have continued to shift as the weeks have gone on, new data shows, shaped by waves of panic buying and even payouts of government aid.
The latest bump in online spending came after the government sent out stimulus payments to tens of millions of American households beginning on April 11.
Many e-commerce companies are now in a much stronger position than before.

Fed Chair warns of long, painful downturn if Congress does not provide more economic relief (Washington Post) Published on: May 13, 2020 | Category: Economic Impact, Global Response

Almost 40 percent of U.S. households making less than $40,000 a year lost a job in March, citing results from a Fed survey coming out later this week.
They found more than 2 per cent of U.S. small businesses have closed permanently already.
“A lot firms had half a month to two months worth of cash on hand. They can stretch it by cutting costs or taking a government loan, but we are now getting several months into the crisis, and we’re getting to the point where firms are going beyond the cash on hand to weather the crisis,” said Alex Bartik, an economics professor at the University of Illinois.
Several Fed officials said this week they think the U.S. economy will soon hit its low point and then start to rebound, but they have warned a recovery is likely to be slow.

How to Lift a Lockdown (The Walrus) Published on: May 13, 2020 | Category: Canadian Business

From immunity passports to mass testing: the science, logistics, and ethics of recovering from COVID-19.
“A lot of the pandemic plans around the world are based on influenza, where you don’t need to develop a whole new vaccine,” so containment measures can be more nuanced, says Beate Sander, Canada research chair in economics of infectious disease.
Nearly 6 million Canadians applied for COVID-19 employment benefits in the first month of the pandemic alone.

Crushing coronavirus uncertainty: The big ‘unlock’ for our economies (McKinsey) Published on: May 13, 2020 | Category: Global Response

We have seen most governments and central banks rapidly move to implement stimulus and liquidity measures to cushion the economic impact.
Unfortunately, we have also confirmed that lockdowns cause deep economic shocks: peak to trough, developed economies are likely to see GDPs decline by between 8 and 13 percent in the second quarter of 2020.
When we asked global executives how long they believe their economies will take to return to precrisis levels, their scenario choices indicated estimates ranging between three quarters and more than five years.
The objective now must be to crush uncertainty as soon as possible. As we have seen in previous crises, when uncertainty subsides, confidence returns and economic recovery unlocks—and the COVID-19 crisis has created the highest level of uncertainty in 35 years.

Apple is reopening 5 stores in the US — here’s a list of the locations that have opened so far (Business Insider) Published on: May 13, 2020 | Category: Economic Impact

Apple has begun reopening some retail stores in the US in certain states like Alabama, Alaska, South Carolina, and Idaho.
Apple says the initial focus will remain on customer service through the Genius Bar, and is encouraging customers to shop virtually when possible.
The company will also enforce precautions like temperature checks, face masks, and social distancing at its stores.

Adapting to a new world (Strategy+Business) Published on: May 13, 2020 | Category: Leadership

The COVID-19 pandemic has wrought enormous personal, economic, and social damage. It has upended countless lives, and exacerbated the many disruptions afoot, laying bare the unviability of many business models.
Its effects are paradoxical. It has caused a supply shock and a demand shock. It is causing a recession of indeterminate length and severity — even as some countries are crawling their way back to recovery.
In 2017, we identified a set of urgent, interdependent, and accelerating challenges confronting the world. We dubbed it the ADAPT framework — describing a world in which asymmetry, disruption, age, polarization, and trust were fundamentally changing the way millions of people live and work.

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