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Originally Posted by PhilT2
No matter what our govt does foreign tourists are not going to get on a plane with their fellow countrymen unless they can be confident of not getting infected on the trip. I would be interested in seeing the cost of a current travel insurance policy and what it will cover.
Foreign students are not going to come here either unless their parents feel they can travel and live here safely. Together these two sources of revenue account for a lot of our economy and there will not be a full recovery without them.
I still hold out hope that the rollout of a vaccine will put us into recovery in the latter part of next year. Two things are needed for that to happen; a massive effort to produce and distribute the shot and the scientists to get it right.
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To be honest, if a vaccine was to come out any time soon I would be a little hesitant. I hate needles at the best of times, but I'll be thinking twice before allowing someone to jab me with something that has not stood the test of time. Yep, I'm probably being a little selfish there but everyone else can be my guinea pig.
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Originally Posted by Work Horse
It seems there is some magical thinking going on in this thread.
AKA the government response to the global pandemic is causing a rapid decline in the economy, rather than the pandemic is causing economic decline.
Therefore if we have no government response to the global pandemic there would be no economic decline, or if we have less government response we will have less economic decline.
Some wish it was that simple because it allows them to score political points.
Sweden! What about Sweden? It is true Sweden did not mandate a lock down. Swedish people still stayed home, economic activity declined and the economy still took a big hit. It was the pandemic that trashed Sweden’s economy not the government response.
There is no debating the world economy is in for a very rough time because of the Covid-19 pandemic. Attempting to lay the blame for the economic fall out on this government or that government will distract us from the huge challenge we need to face united. Remember the national cabinet at the start of this thing? That is how governments can work for the people that elected them, when they focus on us and not political point scoring for themselves. As has been said when this pandemic is over we will be feeling the economic repercussions for much longer.
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Just to clear something up, I don't think it is all doom and gloom, but I do think that a lot of people are in for a tough time over the next few years, maybe even many more years.
Wait until next year, when people start to struggle. The opposition will be jumping all over what the current Government has done or not done and how their ideas, while not disclosing any of their ideas, would have been so much better.
Wait until Labour get into Government next (I'm not knocking Labour), even if it is in 10 years time. I reckon that I would be at unbackable odds if I was to bet that they will refer to the current Government policies dealing with this situation and that is why they can't keep one, or many, of their election promises.