The current state of the crisis

Last update - 17 March 2020 By Shannon Rivkin

There is no sugar coating how quickly things have deteriorated over the last few weeks. What had started as a health crisis has escalated rapidly into a financial crisis, and anyone who claims to know what comes next is not to be taken seriously. Most foreign governments have ignored the warnings of countries before them, and now it seems the only measures to be made that can slow the spread of the virus is to shut the economy down. It didn't need to be this way - Singapore, Hong Kong, and South Korea have stabilised their infection rates very quickly with incredible progress on testing, public area disinfection and social measures - but in some of the world's largest countries we are only now seeing acceptance of the magnitude of the threat.

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