Let& #39;s talk business.

Many governments still struggle to understand that not controlling #COVID19 harms the #economy more. Because:

Consumers remain anxious. Also without lockdowns.

(EN translation of today& #39;s Dutch thread)

/1 https://marker.medium.com/forget-shutdowns-its-demand-shock-that-s-killing-our-economy-3062e94c122e">https://marker.medium.com/forget-sh...

#China already seems to prove that successfully controlling the virus increases consumer confidence and helps the economy recover.

See this tweet by @jonsnowC4:

/2 https://twitter.com/jonsnowC4/status/1318074203254476802?s=20">https://twitter.com/jonsnowC4...

This recent @IMFNews World Economic Outlook research - in a nutshell - also shows that:

#COVID19 https://abs.twimg.com/emoji/v2/... draggable="false" alt="⏬" title="Nach unten zeigendes doppeltes Dreieck" aria-label="Emoji: Nach unten zeigendes doppeltes Dreieck"> ->

Anxiety/voluntary social distancing https://abs.twimg.com/emoji/v2/... draggable="false" alt="⏬" title="Nach unten zeigendes doppeltes Dreieck" aria-label="Emoji: Nach unten zeigendes doppeltes Dreieck"> ->

Consumer confidence / #Economy https://abs.twimg.com/emoji/v2/... draggable="false" alt="⏫" title="Nach oben zeigendes doppeltes Dreieck" aria-label="Emoji: Nach oben zeigendes doppeltes Dreieck">

/3 https://blogs.imf.org/2020/10/08/covids-impact-in-real-time-finding-balance-amid-the-crisis/">https://blogs.imf.org/2020/10/0...

So, #herdimmunity strategies, politics and symbolic measures will backfire.

More economic damage caused by extended low consumer confidence will be an unintended consequence of above strategies.

/4

Although in the #Netherlands one seems not be convinced yet as this tweet from @annaholligan shows.

/5 https://twitter.com/annaholligan/status/1318174957449379840">https://twitter.com/annaholli...

Last, but not least: the @MRKR piece in /1 is by @JamesSurowiecki.

/6