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May 26, 2020

Testing needs to be ramped up for economies to re-open

By Paul Dennis

26 May

Experts across world continue to highlight the need to reopen economies to limit the economic upheaval caused by the Covid-19 pandemic.

However, some believe that unless testing capabilities are ramped up, reopening the economy may result in an upsurge in infection rate.

A Testing ramp up with limited lockdown measures may be the most optimal solution to reopening the economy.

Kaushik Basu, Professor of Economics at Cornell University, shared a chart comparing the mortality rates across various countries.

He noted that the mortality rates are so different that emerging economies cannot blindly imitate the economic policies of those implemented by European and North American nations.

Basu added that economic revival will depend on a limited lockdown that will enable the economy to function.

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