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Pandemic is chance to rethink our economy
The National Emergency Response Committee led by Health Cabinet Secretary Mutahi Kagwe addresses the media on coronavirus outside the Office of the President in Nairobi on March 1, 2020. FILE PHOTO | NMG
The world is in turmoil today with Covid-19 attacking nearly everywhere and the death toll continues to rise. Aside from the human toll — which by all accounts is expected to be substantial — the economic havoc that the virus is bringing with it is extremely scary.
Most countries are in lockdown with learning institutions, entertainment places and offices closed as we try to stop the spread of the virus. Airlines have stopped flying to certain destinations and if matters continue as they currently are, we could witness a complete shutdown of the airways. The economic impact of all this, while difficult to measure now, is likely to be larger than anything the world has seen in the past.
