Tuesday, April 14, 2020

How Israel Plans to Restart Its Economy

INTERNATIONAL

How Israel Plans to Restart Its Economy


Listen, we're like you—we'll read anything that provides a blueprint for getting life back to 10% of normal. One interesting guide comes from Israel, where the country's National Security Council has reportedly finalized a plan to slowly lift stay-at-home restrictions.
The plan consists of four phases and focuses on opening more lucrative sectors first, Haaretz reports:
Phase 1: Tech and finance, plus slices of trade-oriented industries. These sectors employ more than 10% of the population. 
Phase 2: Commerce and retail stores. 
Phase 3: Restaurants and hotels. The NSC expects most of the education system will be back at this point, too.
Phase 4: Recreational sectors like sports, air travel, and entertainment.
If that seems like a straightforward process, consider these caveats:
  • Each phase will have a two-week buffer to review whether the next can proceed.
  • All of the public health guidelines we've been subject to (social distancing, face masks, etc.) will be required for reopening industries.
  • None of these phases applies to people over 60 and other at-risk populations.
Bottom line: Coronavirus restrictions will almost definitely extend into the summer.
+ While we're here: NY, NJ, and a few other northeastern states have formed a task force to coordinate reopening their economies. So have some West Coast states.
        

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