SVA Global Brief – COVID-19 Pandemic – 16 April 2020

SVA

This brief examines the spread of the SARS-CoV-2 N virus, and the outbreak of the COVID-19 disease, over the period from 6 March to 15 April 2020.

The centre of gravity has shifted.  An outbreak that started in Wuhan, in Hubei province in the People’s Republic of China (“PRC”), has since January 2020 spread across the world, to become a global pandemic. 

The worst outbreaks to date have been in Wuhan, Italy’s northern regions, Spain, France, the United Kingdom, Iran, and the United States.  New York state has been especially hard hit, and the US will remain at risk for some months ahead; in that context, a desire to “blame China” is growing. 

A further concern is that the number of cases in developing countries is rising; these states have much weaker healthcare systems.  Attention thus seems likely to shift towards Africa, the poorer states in Asia, and Latin America, as a failure to control the outbreak in these states threatens re-infection elsewhere. 

Another threat stems from the economic impact of the outbreak, with a huge decline in economic activity around the world, which brings major implications for social stability, financial crises and nationalist economic policymaking in the months ahead. 

Mainland China

Hong Kong

Taiwan

Asia

United Kingdom

Europe

US

Implications

Economic outlook

Practical Health Advice

As the spread of the virus is increasing worldwide, and healthcare systems are coming under increasing strain, it is essential to take sensible precautions, which include:

Personal Health Suggestions

In addition to these precautions, the following practical measures may help to reduce your personal exposure to the virus:

If you are currently under lockdown or home quarantine, try to keep to a routine, and take daily exercise to maintain your physical health.

SVA (www.stevevickersassociates.com) is a specialist risk mitigation, corporate intelligence and risk consulting company.  The firm serves financial institutions, private equity funds, corporations, high net-worth individuals and insurance companies and underwriters around the world. 

SVA has a dedicated crisis management team which, for our retained clients, stands ready to assist companies during crisis situations.  Retained clients pay an annual fee for a 24-hour response capability.