Coronavirus lockdowns are “overly blunt and costly” … economists and health experts point to a more effective way

Sunday, August 30, 2020
By Paul Martin

by: Zoey Sky
Sunday, August 30, 2020

As the coronavirus (COVID-19) pandemic spread like wildfire throughout America, the country was forced to implement something it has never tried before: Blanket business shutdowns.

However, this tactic has resulted in a deep recession. While the pandemic spreads, economists and health experts suggest that it may be time to try a different and more effective plan.

A poorly understood disease and ineffective measures

Across the globe, governments in several countries enforced strict restrictions on outdoor activities and businesses to prevent the spread of the disease. But this approach resulted in what is now considered the world’s “deepest peacetime slump since the Great Depression.”

In America alone, 13 million people lost their jobs while at least 400 million jobs were lost worldwide. The International Monetary Fund reports that global output could fall five percent in 2020, an outcome that will be even worse than during the financial crisis.

While economies struggled and many lives were lost due to the pandemic, policymakers believed that they had to make difficult choices and that the economic crisis was a side effect of the pandemic.

When the pandemic struck, nonessential businesses closed and people were told to stay home. However, these measures were enforced without the extensive analysis of benefits and risks that is required before a new medical treatment because the world wasn’t prepared for the coronavirus pandemic.

Experts didn’t have enough time to gather the necessary evidence so they focused on saving as many lives as they could.

Discipline is key to preventing a worst-case scenario

Many months later, data reveals that pandemic lockdowns were “an overly blunt and economically costly tool.”

In many countries, lockdowns were politically difficult to enforce long enough to eliminate COVID-19. Data also suggests that there are other ways to effectively slow the spread of the epidemic without a significant economic impact.

As coronavirus cases skyrocketed in America, experts implored policymakers to reconsider more targeted restrictions and interventions instead of dealing another crippling blow to the economy with extended lockdowns.


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