Updated Report: Covid’s specs, its impact and ways to get back to new normality
The COVID-19 crisis is a new and strange experience to anyone. For instance, governments, which normally want the economic wheels spinning merrily, have instead directly ordered them to be stopped.
Financial markets, which on average peak almost a half year before the economies, made a great exception this time – they peaked virtually simultaneously with the economies. And economists who wish to predict our economic future the next few years weeks, months or years, must now study countless and often totally contradictory reports about … a virus.
Updated and expanded version
Shortly after the beginning of the COVID-19 crisis, Supertrends Institute issued a widely read report, which summarizes the best knowledge about the COVID-19 crises. By the start of May, 2020, we have now published an expanded and updated version of this report, which covers the following topics:
- the virus
- the disease
- the possible solutions
- the economic impacts
- the financial consequences
- the innovation and lifestyle changes it stimulates
Co-authored by two experts of life science and economy
The authors of this report are Lars Tvede and Jørgen Thorball. Lars is a serial entrepreneur and Supertrends co-founder, who at the recent peak of equity markets sold all his long-term equity holdings. Immediately afterwards, he explained on social media that he did this due to (at the time) vastly underestimate threat from COVID-19. The other co-author – Jørgen – is an MD and a life science entrepreneur, who in mid-january started warning about the impending crises and brought protective equipment for his patients. Jørgen specializes partly in predicting the success of forthcoming medical treatments.