The New Zealand Prime Minister affirmed the government's readiness to discuss all incentive options available to support the economy against the Corona virus, noting that he would not exclude any incentive option that would contribute to achieving adequate support for the economy and individuals.
In conjunction with the statements of the New Zealand Prime Minister, Australian Prime Minister Scott Morrison also announced this morning that Australia is on the way to returning to a safe economy from the Coronavirus, coinciding with the flatness of the virus spread inside the country.
The state will open up again after the last closure. But he did not give details about the date of this decision yet.
With the numbers of injured in both New Zealand and Australia declining, the markets calm down a little and we witness a noticeable rise for both the Australian dollar and its New Zealand counterpart, leading all major currencies during the morning.
On the other hand, the data released yesterday evening by the New Zealand Statistics Office revealed that New Zealand's inflation data exceeded market expectations during the first quarter of 2020, as the consumer price index recorded a quarterly increase of 0.8% during that period, while market expectations indicated The index increased by only 0.4%.
This reading is also better than the previous reading of the index, as the consumer price index recorded on a quarterly basis during the last quarter of 2019 increased by only 0.5%.
With the new Corona virus pandemic beginning to spread across the world, actions have varied in many countries to combat the epidemic either by imposing exaggerated measures or by treating the virus as just a strain of severe influenza that cannot be stopped and spread quickly among people waiting to reach a type Of societal immunity or the so-called herd immunity.
The divergence of countries in the initial response to halting the Corona pandemic can be attributed to their past experiences with outbreaks of other epidemics such as the SARS and MERS virus, as in Taiwan, Singapore and Vietnam, which were looking to contain the new corona virus urgently and necessary, regardless of the cost and took “actions” Overrated "to achieve that goal.
As for the treatment of other countries, such as Britain, it was considered at the outset that the Corona virus does not pose a major threat to the population, and that it will eventually result in it becoming one of the endemic diseases.
Therefore, Britain announced that the virus containment phase would be completed on March 12 by the British government conducting only limited checks on people with minor symptoms, including health care workers, but British airports remained open without screening arrivals, and no measures were imposed Isolation, until I started seeing a rise in deaths and infections with the virus.
After pressure from the street, the closures were imposed on March 23, with the aim of reducing the burden on health facilities and hospitals due to the outbreak of infections with the Coruna virus, which has caused the death of more than 18,100 so far, according to official figures.
While everyone has to deal with the significant economic costs and social impacts of the closure for consecutive weeks, the health sector in Britain will bear tremendous burdens due to the virus outbreak, including the massive clinical need of Covid 19 patients for oxygen, intensive care unit care, respirators and others.
The early treatment of symptoms that Prime Minister Boris Johnson was able to obtain means that results can be generally better, but that requires testing at an early stage of the disease.
Strict procedures and "cracking the curve"
Comparing things in Britain with the situation in New Zealand seems to be completely different, as only 16 deaths were recorded, and this is due to the early intervention and the imposition of strict procedures that included social divergence, border control, testing, tracking and isolation of the affected cases, the Guardian newspaper reported in a report.
New Zealand will be in a better position in the future when the possibility of mitigating closures and re-returning economic and social life, while maintaining low mortality rates associated with the epidemic at the same time, is reviewed.
However, when making these comparisons about the measures taken to reduce the spread of the virus between countries, some governments believe that it is too early to evaluate these steps, and that the only difference between countries depends on the state's ability to provide health care.
But it is worth thinking about future policies, given the consequences of the Covid-19 outbreak. If an effective and safe vaccine against the virus is reached within the next 18 months, countries that have been able to reduce the loss of life with minimal economic consequences will be in a better position. For example, Australia, New Zealand and many other countries have been able East Asia has epidemic control, and in the short term it can handle a few cases until a vaccine is reached.
And in the absence of a vaccine for the virus, resorting to building a type of immunity between individuals, such as the herd immunity, and transmission of the virus will stop at a significant level for a period of two years or 3 years at least and any infection with the virus will be widespread, and therefore, countries with a few cases can Confirmed, New Zealand, providing health care for people living with HIV and protecting those at risk to reduce pressures on health facilities in the country and thus reduce the number of deaths and protect the lives of citizens.
But in the worst-case scenario, the "herd immunity" hypothesis can be mistaken, meaning an even greater epidemic in the future, similar to a "dengue" outbreak, and this will show the difference between countries that have taken early and stringent measures than those that responded late or Limited to reduce virus outbreaks.