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What risks does COVID-19 pose to society in the long-term?
May 26, 2020
The potential long-term consequences the pandemic could have for us are starting to reveal themselves. Left unchecked, there is a real risk that inequalities and social deprivation will increase. We have a chance, however, to build a better world - and we must take it.
We are in the midst of an historic event that will change many aspects of our world. There will be major impacts on the global economy, geopolitics and our societies. It is clear that these global impacts and risks are highly interdependent and are changing the current and future global risk landscape, a fact highlighted in the World Economic Forum's recently published COVID-19 Risks Outlook report.
We are already seeing record levels of unemployment due to lockdown measures to control transmission and have re-learned hard lessons, in particular that social deprivation determines health outcomes.
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The long-term societal impacts, such as an exacerbation of inequality and changes in consumer behaviours, the nature of work and the role of technology - both at work and at home - will change our way of life forever, for us as individuals, as a workforce, and as a society. These social dimensions of the crisis, including generational frictions and continued stress on people’s wellbeing, will be felt by people worldwide and will create substantial societal consequences for the long term.
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