Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Lessons we can learn from the 1918-1920 Great Influenza Pandemic

Global IndexesMar 27, 2020
Lessons we can learn from the 1918-1920 Great Influenza Pandemic
The pandemic arose in three main waves, the first in spring 1918, the second and most deadly from September 1918 to January 1919, and the third from February 1919 through the remainder of the year (with some countries having a fourth wave in 1920). The two initial waves coincided with the final year of World War I (1918), which helped to spread the infection across countries. It also killed a number of famous people, including sociologist Max Weber, artist Gustav Klimt, and Frederick Trump, the grandfather of the current US president. Survivors included economist Friedrich Hayek, entrepreneur Walt Disney, and US President Woodrow Wilson. Applying that death rate to the current world population (about 7.5 billion) generates staggering mortality numbers: 150 million worldwide deaths and 6.5 million US deaths. However, these numbers likely represent the worst-case scenario today, particularly because health procedures are more advanced than in 1918-20, although other factors like greater international travel work in the opposite direction. In addition, those worst-case scenarios do not account for differences in demographic profiles of the Great Influenza Pandemic and COVID-19- by World Economic Forum


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