The novel coronavirus is exploding in the United States and Europe because of complacency and unpreparedness. The escalation will translate to debt explosion, which will further complicate and prolong the fight against the virus globally.

AS the Covid-19 challenge moved from imported cases to local transmissions, I warned in the briefing of March 9 that, internationally and in the Philippines, the rise of local transmissions means a game-changer in the coronavirus escalation (see The Manila Times, “What the new virus game-changers mean worldwide and in PH”).

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