The COVID Diaries: service provider 4
The following interview is with an Australian-based service provider to the debt capital markets. It was conducted on 13 May 2020.
Does your business have a timeline for returning to office working – and are you looking forward to it?
Has your view of the crisis and the nature of the challenges it presents changed? It seems Australia has prioritised public health over the economy, at least in the medium term. How are you thinking about that trade off?
This anxiety has eased as restrictions have brought the COVID-19 infection rate under better control. However, the economic consequences are still taking shape. As it presently stands, Australia – compared with a number of other countries – has avoided a more serious health crisis.
Australia’s choices will undoubtedly be judged in hindsight and, as Warren Buffet says, “the rear view mirror is always clearer than the windshield”.
Are you more or less optimistic about the crisis than you were during the early acceleration period of moving to home working and adding social distancing measures?
Some sectors of the economy will rebound more quickly than others – the important question is: which ones?
“Personally, I am happy to follow recommendations put forward by health experts. A second wave would be far more economically damaging and should be avoided as much as possible.”
Do you think Australia should accelerate the easing of restrictions?
How do you think things will be different when we get back to normal? What changes can you see to work practices, social changes and the economy?
However, I also believe people and society have short memories. I am from Brisbane, and I noticed – and was surprised by – how quickly house prices in low-lying areas bounced back after both the 1974 and 2010-11 floods.
A key trigger for post-COVID-19 confidence is an effective vaccine, which I am sure would restore normality quickly.
We have been asking people what they have been reading relating to the crisis but we think everyone has seen enough by this stage. What are your entertainment recommendations for lockdown: books?