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Significance
COVID-19 is accelerating towards a pandemic, but scientific promptness and efficient communication between countries is acting as a brake. This is the third recorded animal-to-human transmission of a coronavirus, after SARS (2002) and MERS (2012).
Impacts
Restrictions on the Chinese workforce and expenditure on the disease will be detrimental to the economy, at least in the short term.
Open and accessible clinical and scientific data sharing will become pivotal towards global preparedness.
Mass and social media will need a more coordinated strategy to curb the spread of misinformation among the public and avoid creating panic.
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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