- Dr. Frank Musmar
- March 20, 2020
- Paper No. 1495
The 2020 outbreak of the novel coronavirus (COVID-19) will go down in history for its massive impact on the global economy and on public health, both physical and psychological. At some point, life will get back to normal, but it will not be the same as it was before. People have been panic buying over the past two weeks as they wake up to how unprepared they are for a crisis. As a result, many are rethinking their spending habits and what necessities they should have on hand. Some of these temporary adaptations will become permanent as people discover that they prefer them to old ways of doing business.