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30 March 2020, 14:41

Belarusian expert sees balance between containment measures, economic consequences as main challenge

MINSK, 30 March (BelTA) – The main administrative challenge in fighting the pandemic is finding an optimal balance between containment measures, measures designed to slow down the spread of the coronavirus and efforts to prevent even worse economic consequences. Founder and Director of the Minsk Dialogue Council on International Relations Yevgeny Preigerman made the statement in a commentary for the Global Brief magazine, BelTA has learned.

COVID-19 levels the playing field for all countries. It zeroes out many previous achievements of theirs. The damage will depend not on the available resources but on the ability of government institutions and specific leaders to find their bearings in conditions of a permanent stress when the situation changes daily. “The main managerial challenge is to find an optimal balance between containment, the slower spread of the virus and the prevention of even worse economic consequences,” Yevgeny Preigerman said.

The expert referred to the minimization of losses caused by the slowing down economic activity and to the ability to resume economic activities from pause. “Ideally you have to be able to promptly respond to the niches and opportunities that open up as the world economy gets resuscitated. Particularly taking into account the fact that the pandemic has delivered a hard blow to transnational manufacturing chains, which respectively calls for new solutions to raise supply on the world market, regional markets and national ones even in conditions of a considerable slump in demand,” the expert explained.

In his opinion, observations of the developing pandemic situation lead to some associations with the jungle. “At least government institutions everywhere have been placed in conditions where the strong, the quick-witted, and certainly the lucky ones survive. Survive in a fight against themselves, not something else,” Yevgeny Preigerman believes.

“Many countries will remain quite battered in the wake of the pandemic and the economic crisis. This is why today every one of them is becoming an enemy of the lame and malfunctioning version of itself,” the expert added.

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