The Covid pandemic brought the world to a standstill, but the huge economic costs that followed have forced it back on its feet.‘Learning to live with the virus’ is the new mantra, even as fear dwells at the back of the mind, said Crisil in a research report on Wednesday.
The report said containment is nowhere in sight, and economic costs are piling up. Simply put, this amounts to accepting the existence of the virus and carrying on with outdoor activities with precaution.
Fewer government restrictions, better recovery rates and rising ‘pandemic fatigue’ have played a role. The World Health Organisation (WHO) defines pandemic-fatigue as people “feeling demotivated by having to constantly take protective measures.” The WHO’s September report estimated this fatigue to have reached over 60 per cent of those surveyed in Europe, in some cases. Evidently, it is catching up in India, too, the report said.