Indeed, a discussion we have had many times along this thread. Short term(?) economic gain or long term survival of the vulnerable in the population - but right now it looks like Europe has failed on both counts.Huh... the discussion was Melbourne came out of a 111 day lockdown... with the Aussie GDP plummeting. Point is, we do not not know if the benefits out weigh the damage to the economy and mental health. Poverty can be worse than this disease by far.
US GDP grew 33% while the EU GDP fell. With all things being equal, why did this happen? Could it be the brilliant lockdown strategy of the EU.
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Again, it's one of those things that looking at it half way through will not give the full story. The book has yet to reveal all it's chapters, and alas for all we know we may still only be at the beginning.