Differences between the new coronavirus and SARS show why a quick recovery now is unlikely, as nations must wait on their partners for a turnaround
To see what economic recovery from Covid-19 could look like, some people are examining the closest modern equivalent: Hong Kong in 2003. That is when the territory’s economy was ravaged by severe acute respiratory syndrome—another epidemic caused by a coronavirus—and then staged a remarkable comeback in less than a year.
The outbreak started early in the year; by May, Hong Kong’s economy was reopening—like today. So speedy was the recovery that eight months after patients first hit hospitals, Hong Kong was hosting a $100 million...
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