The Covid-19 pandemic has hit us all in more ways than we previously imagined. When the virus broke out in the later months of 2019 everybody anticipated that it could spread to a significant extent if not taken care of and arrested quickly enough. But no one knew just how long it would last.
According to Michael Telvi, not even he could have imagined that fast forward to the current moment, almost a year later, the virus would still be at the stage that is now.
Not only has this virus not been defeated, it is still going strong with lots more cases recorded everyday and showing no sign of slowing down at all.
Given the impact of these rapid-growing viruses on all our daily lives and means of living, it is understandable that a lot of people are starting to get anxious and wondering when the pandemic will be over.
Michael Telvi, a respected businessman and entrepreneur out of Dix Hills, NY, offers his insight on the impact of covid-19 on businesses around the world, and gives his estimate of when we should expect the pandemic to be over below.
The Impact of Covid-19 Pandemic
The Covid-19 pandemic, so far, has claimed more than a million lives with more than 50 million cases recorded worldwide. The United States alone has recorded 10.2 million cases and 239,000 deaths.
Those are scary numbers.
On the business side of things, data from CPS microdata suggests that the number of working business owners plummeted from 15 million in February 2020 to 11.7 million in April 2020. That’s a whopping 3 million + drop in only a matter of 3 months.
This loss of more than a million every month is regarded as the second largest on record. Again, these are astounding numbers.
According to Michael Telvi, there are even a lot more that the numbers don’t yet reveal. It may be that it is only while we look back at all these once the pandemic is over that we begin to see how much potential has been arrested and how much was really lost during these times.
So when exactly will this end be?
Are We Nearer to a Vaccine?
Mike Telvi, like so many people, understands that viruses never really pack up and leave. Especially those which, like covid-19, have managed to spread all over the world and establish such a stronghold on our lives.
Of course Mike Telvi believes that it will end at some point. But it most definitely isn’t a phenomenon that is just going to disappear overnight like we all were hoping it would at the early stages when it first began.
What can we do to get closer to its end? Well, one of the most important steps that can be taken right now is the introduction of a vaccine.
And it is a great news, Michael Telvi let us know, that we are actually quite close to coming up with a vaccine for covid-19. Now how things will work after this is still not quite clear.
And again, Michael iterates, even with a vaccine the virus won’t just pack up and leave. But according to reliable sources, a lot of covid vaccines are at, or nearing, later stage tests and may be rolled out soon.
Diseases Never Really Leave – A Look at History
Still on the projection on when the pandemic will be over, Michael Telvi took us on a little journey through history. Many might not know this, but the only disease that has been completely eradicated through vaccination is smallpox.
And if history is any indication, this kind of total victory on a disease is actually quite rare. Mike Telvi, though, believes that for the coronavirus pandemic to “end”, we don’t have to get rid of every single case of covid 19.
We only have to get rid of enough, first to make it so that it is no longer a pandemic, and of course to reduce it to such a number where transmission and new cases are not so rampant anymore.
The challenge in front us, Michael Telvi explains, is a quite significant one. Luckily everyone understands how grave this challenge is, and how important it is that we face it together.
In today’s world of constant air travelling, constant ecological disturbances among others, it may be quite tough to replicate the same results that was achieved with smallpox back in the 1960s and 1970s.
Again, this is not to say that it will not happen. It is just to point out how significant the challenge in front of us is, and how much work has to be done.
Projecting what happens with the virus in 2021, again, is also heavily dependent on how effective the approved vaccines are, how seamlessly they are rolled out, and whether or not significant opposition arises to its use.
These, of course, Mike Telvi admits, are all hypotheticals.
But they are hypotheticals whose answers we are about to find out very soon; and whose answers will have a huge impact on whether everything returns back to normal in the year 2021 or not.
It is also worth noting that the world will not be affected by covid in an equal manner. Thanks to certain conditions peculiar to certain geo locations, some parts of the world will have it easier than some.
Some Important Stats to Note
- The Covid-19 pandemic, so far, has claimed 1.26 million lives worldwide with more than 50 million cases recorded.
- There have been more than 36 million recoveries all over the world.
- The United States is the most affected nation. It alone has recorded 10.2 million cases and 239,000 deaths.
- Europe has so far recorded 50.9 million cases, 1.26 million deaths and 33.3 million recoveries.
- Number of small business owners plummeted from 15 million in February 2020 to 11.7 million in April 2020 thanks to Covid-19 related events