After the initial outbreak in November 2019, COVID-19 was declared a pandemic by WHO in March 2020. Since then, the virus has spread uncontrollably across the globe, having a tremendous impact on the economic and social order of many countries. Althou...
After the initial outbreak in November 2019, COVID-19 was declared a pandemic by WHO in March 2020. Since then, the virus has spread uncontrollably across the globe, having a tremendous impact on the economic and social order of many countries. Although, in the early stages of the outbreak, some raised hopeful prospects that this new infectious disease could be tackled in the short-term, the prevailing outlook at this stage is that the development of vaccines and treatments for COVID-19 will take a considerably long time (at least 6 months), and even if the disease can be eliminated, economic and social changes caused by the current pandemic will be so profound that it would be impossible to go back to the way things used to be pre-COVID-19.