Many Unknowns
As the world seeks to comprehend a new normal, we face many unknowns
- Will the job come back?
- How will the world travel?
- How will the recovery happen?
All these questions cause a lot of uncertainty and hence a lot of anxiety.
Exposed
#WuhanCoronavirus has exposed, rather painfully, many existing economic and social divisions and created new ones.
It has increased disparity amongst workers especially amongst the educated and uneducated.
It has also exposed the "digital divide". Those aware and used to of managing their lives on the internet in a digital economy are poised to do, and have done, better.
It has also challenged governments which now face higher spending needs and ballooning debts.
Changes
The crisis has forced us to change the way we engage and do business with each other - bringing into the fore front the use of technologies to overcome travel restrictions.
Another important feature of the current landscape is the historic collapse in oil demand and oil pries. Even as demand recovers the oil prices are unlikely to rise much as.
Health service - the way they are being delivered and will be delivered will undergo steep changes - with more and more use of technology. Public health has therefore become a priority and Pvt. sector will play a role in a more efficient public health system.
Done Well
During the crisis as habits changed some business have done very well.
Stock price is a forward discounting mechanism i.e. it reflects what the market thinks of its future potential (or growth).
Netflix stock has nearly doubled in the past one year.
Is the growth in stock price telling us something? - giving us an idea, a clue of the changing times.
(Disclaimer : This blog is for educational purposes only. It is not to solicit any business or offer any advise.)
