TRAVERSE Issue 18 - June 2020 | Page 16

Riding The Pa “Similar to a natural disaster,” is how key economist at Moody’s, Ryan Sweet described the hit to the world economy due to the Covid-19 outbreak. An understatement, not doubt, yet Sweet was talking of the sudden impact to financial markets and the immediate downturn in the labour force, something that economists expect to worsen as the pandemic continues. The current human toll is horrific; the predicted toll on healthcare, lives and economies is disastrous however, how we plan now will determine how we come out the other end. TRAVERS