So would countries who were more proactive in handling the situation experience a quicker rebound (like a V or U shaped curve) or would they be slowed down by lockdown in other areas as economics are more synchronized today?
New Zealand were one of the nation who handled the pandemic well and its
finance minister expects strong economic rebound from technical recessionThe Covid-19 pandemic has not only brought damage to the national economy and social life but has also caused extreme pressure on the international community, the health care system, and the global economy. Like a race, the sooner a country finishes the race and stem the pandemic, the sooner a country can enter a pit stop, the faster it can prepare a post-pandemic strategy. The sooner you enter the pitstop, the less economic damage will be incurred, which means less costs and leverage are needed to boost the economy.
The existence of a total lockdown that should have been carried out at the beginning of the pandemic was indeed costly but the pandemic did not drag on like what happened in China. So national stability can be maintained and people's purchasing power can be restored quickly and the paralysis of the production sector does not reach above 50%. Imagine if all countries take the same policy, the global supply chain will soon be connected again and the destruction of the global economy can be avoided. So the V-shaped form of economic recovery can be obtained.