IRMO Brief 04/2020, "Post-Corona Europe: Challenges from the Far East"

Introduction

The coronavirus crisis is severely impacting European Union member states’ medical sector, economy, national welfare systems and societies in general. It is premature to judge whether governmental restrictions will flatten the curve of infected citizens, thus providing hope for a return to European business as usual. At present, the virus has caused human tragedy, a stock market meltdown of around 40 %, severe trade restrictions and has led to complete lockdowns of regions and metropolitan areas.

"At present, the virus has caused human tragedy, a stock market meltdown of around 40 %, severe trade restrictions and has led to complete lockdowns of regions and metropolitan areas."

It does not take a lot of foresight to see that any “after” the coronavirus will be much different.

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