Coronavirus likely to become as ‘endemic’

as the flu and a vaccine might not be able to stop it, top UK scientist says

CNBC OCT 20 2020 

https://www.cnbc.com/2020/10/20/covid-19-likely-to-become-as-endemic-as-flu.html

https://www.cnbc.com/2020/10/20/oecds-gurria-we-are-just-starting-to-walk-into-the-woods.html

The threat of long economic Covid looms

We know that many businesses have been hurt, as demand for their output collapsed or they were locked down. The second waves of the disease now crashing on to many economies will make this worse. As the IMF’s Global Financial Stability Report shows

In a crisis of this scale, there is only one entity able to act as both insurer and supporter of demand. Unfortunately, the capacity of governments to act varies hugely. 

But those with globally accepted currencies have enormous room for manoeuvre. 

Martin Wolf 20 October 2020

https://www.ft.com/content/f9a0c784-712e-4bf9-b994-55f8d63316d9