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The rich and those in the urban areas, may not quite know the extent of the damage of COVID-19 on the poor and rural folks. The former are mostly concerned about health and death statistics.

People mocked (in 2017) the bitcoin believers when its price scaled to $30,000 only to drop to $3,000.

East Asia Forum is an independent think tank group based in Australia that is neither red (Republican), blue (Democrat), or yellow (Communist), mixing our allegorical metaphors to prove our point.

The country’s hugely correct monetary and fiscal national policies are not going to jumpstart the economy. Only business confidence aided by a resolute vaccine distribution system will do the trick.

The economic numbers resulting from the COVID-19 crisis are scary. The International Monetary Fund (IMF) estimates the annual global GDP loss at US$9 trillion.  Here at home, with various shades of lockdowns still in place (by September), no one believes the government forecast of just a mere 3-4 percent GDP slide for 2020.