Coronavirus is the Black Swan of 2020, that nobody saw coming and it has caused permanent damage to the world economy.
As Covid - 19 cases, spread rapidly across the world, USA has confirmed of more than 85,000 cases of Coronavirus infections as of March 26, 2020, an exponential increase, compared to 81,340 cases reported in China, the speculated origin of the outbreak of Coronavirus.
USA has reported an increases of +17,224 cases in the last 24 hours, as it's testing capacity increases in the past few weeks.The number of total death's due to coronavirus in USA have been reported as 1,295, and on a positive note, there have been 1,868 recoveries in USA.
With a Statewide lockdown, as USA struggles to contain the Coronavirus outbreak, President Donald Trump at a White House press briefing, on the contrary has floated plans to relax quarantines and restart the US Economy by Easter, which is April 12, 2020.
Ironically, developing countries like India, the largest democracy in the world, with a population exceeding 1 Billion people have imposed a countrywide curfew in contrast to USA's statewide restriction, in the early stages of it's outbreak for a period of 21 days.
Despite the continued increase in cases of COVID-19, President Donald Trump repeated his recent message that the country needs to get back to work.
“The mortality rate is way, way down,” Trump said.
“The people that actually die, that percentage is much lower than I expected.”
However, epidemiologists say that ending social distancing too early could trigger a large spike in cases. That could not only damage the economy but also make it much more likely that an already strained medical system could collapse.
“It’s a nightmare scenario for epidemiologists and health care workers,” says Tara Smith, who studies emerging infectious diseases at Kent State University. “Imagine the mixing of populations that would happen at Easter if given the ‘all clear’ — people who may be carrying the virus without knowing it, hugging their loved ones, spending hours in close contact, and then everyone going back home afterward.”
“If we all just went right back to how things were before, transmission would start again with the same intensity,” says Caitlin Rivers, a professor at Johns Hopkins Center for Health Security. “It’s hard to experience so many restrictions, and so many hardships, and not feel like it’s not working. We need to recognize that we are doing the right things. You just have to be a little bit patient.”