Clean Tech and Data Science Trends In The Age of Covid: Part I
As Covid-19 sweeps around the world, we’re beginning to see the economic impacts from shutting down the economy in different countries. We’ve seen recessions and slowdowns before, most recently in 2008 and 2001, but this one feels different in several ways. First, the cause of the downturn is not a result of human antics, but a natural agent - a virus. Second, since we can’t really fix the economic issues unless the pandemic and infection rates are brought under control, the regular economic tools have limited impact. Third, this is probably the first time that the whole world is being impacted within a very short time, unlike the other downturns. This means that there’s no country or region that can act as a buffer or an economic engine for the rest of the world. Finally, it’s the sheer uncertainty in this situation - we’re still learning about the virus and there are a lot of open questions being researched now. For example, how it’s impacting different societies and populations, how it changes under different environmental conditions, what are possible treatment options, whether we’re going to see multiple waves of infections and so on. That means that we really don’t have a good sense of when this whole situation is going to come to an end and how we are going to be turning the economy back on. Epidemiologists, public health experts, economists are all working together on these questions, but they’re still very much up in the air.