COVID-19 Monitor

Last Updated:October 15, 2020

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Factories Close for Good as Coronavirus Cuts Demand (WSJ) Published on: May 11, 2020 | Category: Economic Impact, Global Response

Factory furloughs across the U.S. are becoming permanent closings, a sign of the heavy damage the coronavirus pandemic and shutdowns are exerting on the industrial economy.
Those factory shutdowns will further erode an industrial workforce that has been shrinking as a share of the overall U.S. economy for decades.
The closures suggest that a growing share of the record job losses in recent weeks won’t be temporary, said Gabriel Ehrlich, an economic forecaster at the University of Michigan.

Rise in German virus infections spurs concern (France24) Published on: May 10, 2020 | Category: Economic Impact, Global Response

Germany’s coronavirus spread appears to be picking up speed again, official data showed Sunday, just days after Chancellor Angela Merkel said the country could gradually return to normal.
The latest data raised alarm after Merkel only on Wednesday declared that Germany had left the “first phase” of the pandemic behind it and federal states announced relaxations of social restrictions.
German local authorities have however agreed to pull an “emergency brake” and reimpose social curbs if the infection rate rises above 50 cases per 100,000 residents over a week.

New virus outbreaks hamper efforts to reopen global economy (FT) Published on: May 10, 2020 | Category: Economic Impact

New Covid-19 outbreaks in South Korea, Germany and China have highlighted the challenge faced by governments seeking to loosen social restrictions, as millions of Europeans prepare for the tentative reopening of their economies today.
France, Spain, Denmark, Norway and the UK will all lift some measures brought in to contain the spread of the deadly virus, as leaders across the region seek to limit the worsening economic damage.
In Spain, just over half the population will enter “phase 1” of the country’s exit from lockdown, allowing bars and restaurants to serve customers outside and people to congregate in groups up to 10.

Pressure mounts on federal government to help fix, build long-term care homes as pandemic takes deadly toll (CBC) Published on: May 10, 2020 | Category: Canadian Business

“Any existing outbreak management plan in a long-term care home, including the isolation of symptomatic residents, is hindered by the inadequate space and layout available in long-term care homes today.
Long-term care facilities fall under provincial jurisdiction, but Hall said capital project funding at the provincial level has been insufficient.
Pat Armstrong, a sociology professor at York University who led the 10-year international project Re-imagining Long-term Residential Care, said Canada needs a national long-term care law separate from the Canada Health Act.

Seoul frets about new Covid wave (Bangkok Post) Published on: May 9, 2020 | Category: Global Response

A potential second wave of coronavirus infections could be possible in South Korea after confirmed cases suddenly increased after a lull, with a surge tied to nightclubs in Seoul.
South Korea, which in early March had the second highest number of cases globally after China, has been able to control the virus spread without having to take severe measures such as imposing a lockdown or banning overseas travel.
As worldwide cases passed 3.9 million and deaths topped 275,000 on Saturday, a top Chinese official admitted the coronavirus outbreak had exposed “shortcomings” in the public healthcare system.

IMF warns of further drop in global growth due to Covid-19 (Guardian) Published on: May 9, 2020 | Category: Economic Impact, Global Response

The head of the International Monetary Fund (IMF) has signalled a possible downward revision of global economic forecasts, and warned the United States and China against rekindling a trade war that could weaken a recovery from the coronavirus pandemic.
The IMF’s April projection for a 3% contraction the global economy would mark the steepest downturn since the Great Depression of the 1930s.
Kristalina Georgieva, the IMF’s managing director, said the IMF had already provided emergency funding to 50 of the 103 countries that had requested aid.
The IMF’s chief economist, Gita Gopinath, said that the situation had worsened since March when the IMF projected that emerging markets and developing countries would need $2.5tr in external financing to manage the health and economic crisis.

Younger workers are hit hardest in the coronavirus job market, and it spells bad news for millennials and Gen Z (Business Insider) Published on: May 8, 2020 | Category: Economic Impact

Younger workers are bearing the economic toll of the coronavirus pandemic more so than older workers, according to a recent report by Data for Progress.
More than half of those polled under age 45 have lost jobs, lost hours, or been put on leave, the report found.
It’s bad news for millennials, who are still financially behind from the Great Recession, and Gen Z, who might find themselves on the same path as older millennials.

The return of the cubicle? Companies rethink office life post lockdown (Reuters) Published on: May 8, 2020 | Category: Canadian Business, Global Response

Can creative sparks fly through plexiglass? Is the water cooler chat a thing of the past?
Some firms are considering remodelling their offices to minimise the risk of a second wave of infections. Long rows of desks may be out, work stations sheathed with glass sneeze guards may be in.
For the world’s biggest advertising company WPP, staff will return gradually and on a voluntary basis, Chief Executive Mark Read told Reuters.

With Red Tape Lifted, Dr. Zoom Will See You Now (NY Times) Published on: May 8, 2020 | Category: Global Response

The transition to telemedicine initially proved a bit rocky. Ms. Sturgis could see her doctor on Zoom. “But I couldn’t hear her,” Ms. Sturgis said. “And she couldn’t see or hear me.”
For years, advocates and researchers have urged greater use of telemedicine — delivered by video or phone, through online patient portals or remote monitoring devices — particularly for older adults.
The Government Accountability Office reported in 2017 that just one percent of beneficiaries, most in rural areas, received care through telemedicine (a term used interchangeably with telehealth).

Coronavirus negatively impacting mental health of 50% of Canadians: survey (Benefits Canada) Published on: May 8, 2020 | Category: Canadian Business

The survey, which polled more than 1,500 Canadian workers, found women (57 per cent) were more likely to report a harmful impact on their mental health than men (43 per cent).
More than half (52 per cent) of respondents between the ages of 18 to 34 felt their mental health had taken a hit.
Two-thirds (62 per cent) of respondents said they’re open to using virtual mental-health care, compared to 40 per cent who said the same in an October 2019 survey.
As well, 85 per cent of Canadians who have access to an employee benefits plan said those plans should offer virtual mental-health care as an option.

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