COVID19 pandemic has shown us The Good, The Bad and —The Ugly of humanity
THE UGLY
- Nearly 392,802 deaths in 192 countries (WHO, 6th June)
- Number of cases surpassing 6 ,663, 304 worldwide (WHO, 6th June)
- Much of global economy has been lock down
- Corona virus could push half a billion people into poverty— World Bank
- World is facing worst economic crisis since Great Depression — IMF chief
THE BAD
- Mass layoffs
- Many Business closures
- Countries will be left with huge deficits
- Central Banks will raise #interestrates
- Increased capital risks due to businesses bankruptcies & consumer defaults
THE GOOD
- Every cloud has a silver lining,
- Even the darkness of the novel corona virus pandemic,
- It can be contained, and China has done it.
- Healthcare with Artificial Intelligence AI Bio genetic + Digital tech have converged as the new Tech 3.0
- Rise of Remote working with AI and 5G
- Well-being of employees is now generally equal in status to the customer.
- World with clean energy is likely to come out of this crisis relatively unscathed
- Carbon footprint left by industrialization has reduced to levels unattainable by years of stringent regulation