Covid-19 Coronavirus

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Covid-19: What commentators are saying

Why wasn’t the UK ready for Covid-19?

In the UK, a lethal pandemic was considered by the government a “level 5” threat – the most serious security risk. The only other level 5 threat has been large-scale biological or nuclear attack.

The coronavirus closely resembles the threat anticipated in government planning documents, and yet the government appears to have been unprepared. The UK lacks ventilators, personal protective equipment and testing kits, while emergency procedures for manufacturers and hospitals are being improvised on the fly.

In the New Statesman, Harry Lambert suggests that Britain may in fact have been prepared, just for the wrong outcome.

Read the full article.

3:57 pm

Planning digital transformation during a pandemic

We are now entering a time of unpredictability and volatility for businesses, triggering the imagination when it comes to the impact of technology on private life, business and society.

In many cases, the coronavirus pandemic will bring into question how we use and engage with digital technologies, which have now become intimately entwined with business change.

To this extent ‘digital transformation’ has become a pleonasm and the next twelve months will be defined by businesses’ ability to survive in a time of uncertainty and a renewed quest for simplicity.

Simplicity is what is needed – in the form of simple messages, instant action, zero friction and a continuous stream of exciting and rewarding signature moments.

Read more here

 

3:12 pm

Coronavirus cybersecurity: Ten tips for secure remote working

As the ongoing Covid-19 pandemic continues to affect numerous aspects of daily life, workers and employers are adapting to new ways of working.

Although social distancing and social isolation are key to slowing the spread of the virus, they have tested organisations’ infrastructure and remote working practices.

“Remote working on a scale we’ve never seen before has now become a fact of life; doing this without compromising security will be more important than ever,” says Jeremy Hendy, CEO at cybersecurity firm Skurio.

Here are ten key pieces of advice from experts from the cybersecurity industry to help organisations maintain robust security while remote working.

Read more here

10:19 pm

Global GDP may drop by 1% in 2020, says Goldman Sachs

Goldman Sachs expects global real gross domestic product to contract by about 1 per cent in 2020, a sharper economic decline than in the year following the 2008 global financial crisis.

“The coronacrisis or more precisely, the response to that crisis — represents a physical (as opposed to financial) constraint on economic activity that is unprecedented in postwar history,” the investment bank said in a note to its clients published late on Sunday according to India Today.

10:08 pm

UBS Securities cuts India’s FY21 real GDP growth forecast to 4%

Financial Express has reported on a UBS Securities research note that expects India to clock a 4.8% growth in FY20. “For the full year, we now expect India’s real GDP growth to slow further to 4% year-on-year in FY21 (previously 5.1%).”

“The challenge for India vs its peers is starker if infections spread rapidly considering the higher density of population per capita and weaker health infrastructure,” UBS’ economist Tanvee Gupta Jain said.

7:36 pm

OECD expects economic fallout to be felt ‘for a long time to come’

Speaking to CNBC, the OECD’s secretary general, Angel Gurria, stated: “What you have is an economic effect now that, very clearly, is going to be prolonged beyond the period of the pandemic.”

“We’ll hopefully get rid of the pandemic in the next two or three months and then the question is how many unemployed (will there be), how many small and medium-sized enterprises will be in a very, very severe situation if not disappeared by that time.”

“Life, and economic activity, is not going to be normalized any time soon,” he said. “We’re going to have the impact of this crisis for a long time to come.”

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