In Search Of Lasting Solution For Recovery From Coronavirus

Thinking outside the box for a proper fix of a broken economic situation imposed by Coronavirus requires untried solutions from another toolbox ordinary experts may not possess. Coronavirus landed with a devastating blow to global health order and economic livelihoods.

According to recent Guardian reports, "Britain’s economy slumped by 20.4% in April in the biggest monthly decline since records began, as the coronavirus lockdown paralysed the country."

There is no denial of the fact that a world that trusted everything with the hope of advancing is now taken to task unprepared.

The advent of Coronavirus began with news from far away territories when most people thought this was another passing cloud for the least fortunate in resource capabilities.

Nations relying on highly trained health professionals and equipped with sophisticated technology kept confident in their capability to contain threats, be that internal or external.

Not until Coronavirus advances beyond expectations with deep bites into the financial flesh of governments, organisations, and households that everyone comes to terms seeking solutions to fill gaps in their plans and budgets.

Reeling from challenges of credit crunch financial meltdown, the world was hoping to enjoy gains of a recovering economic order. Suddenly, all plans and budgets for the year 2020 could no longer be implemented without gaps as Coronavirus rages on.

Caught up in this critical time trap, so much is at stake. A weakening global economic order will bear a serious impact on everyone in vast ways.

The economic lockdown translated in productivity terms has all indicators of slow recovery as we continue to experience a depletion of resources with little or no corresponding returns. Two critical dimensions to this quagmire cannot be ignored without consequences.

Economic recovery heavily requires a physically healthy enterprising population to keep cashflow in a steady motion. Resources are required for both ends of the equation. It all boils down to rapid and yet effective responses needing effective business intervention strategies aimed at optimal gains. As noted elsewhere, this calls for the wholesome engagement of combined competencies.

Business leaders, governments, and policymakers need to come together in search of solutions. Coronavirus is certainly raging on with no better signs of slowing down soon. This virus caught the world unplanned. Within a very short time interval, it shattered every plan, nearly invalidating best-tested solutions in the toolbox of experts and health professionals.

The situation faced by humanity demands serious rethinking. Perhaps, thinking outside the box will lead to new discoveries while in search of readily applicable and proper fix to a broken economy and increasing health threats.

Keeping the economic engine spin faster with healthy cash flow is a felt-need as we stay in search of long-lasting recovery intervention to the final rescue.