Presented by James Glassman, Chase Commercial Banking Head Economist
Registration Information: To register for this webinar meeting, please use the link sent by the chapter via email on April 23. If you have misplaced this email, please contact Robin Hirth, Chapter Administrator, at [email protected] and she can help you get registered.
Covid-19 didn’t cause the economic shock. The decision to shutter businesses in order to promote social distancing and help our hospitals, which are burdened by those suffering from seasonal flu infections, is the cause. Our private healthcare system has no “surge capacity”, and has an insufficient supply of invasive ventilators, in the event of a pandemic which does not occur on a regular basis.
The discussion will examine alternative approaches, including those in Korea, Sweden, Taiwan and Japan.
And we will discuss key how this crisis differs from past economic downturns and what to consider in assessing how to think about the recovery. Will it look more like a recovery from a (man-made) natural disaster or will it follow the script of a more classic recovery from recession?
Looking ahead, how will this crisis change the way we work and live? Will it? And what lessons have we learned that will be helpful in dealing with future virus scares (hints: developing “surge capacity” in our hospitals and a discussion of Germany’s Kurzarbeit, a program that looks a lot like what the SBA’s PPP program is trying to match).
Thank you to our chapter sponsor Chase for arranging Jim to be our speaker!