European Central Bank confirms: economy will take two years to recover from crisis

The pandemic situation in the world is evolving in dispersed order: it seems to be slowing down in France but accelerating in other European countries ... and everyone is taking the measures they deem necessary. But a big question remains: how long will the economic crisis linked to the health crisis last? About two years, according to the ECB. Hope for a vaccine in 2021 In an interview that the chief economist of the European Central Bank (ECB), Philip Lane, gave to the newspaper Les Echos on November 22, 2020, we discover that it will be the vaccine, announced as available at the end of 2020-beginning of 2021 which will play an essential role in the recovery of the economy. For now, the ECB is watching closely "the circulation of the virus" and the health measures taken as a result, but especially the change in "consumer behavior". "It is certain that the two phenomena combined will lead to a decline in activity."

Here's how the France government’s digital tracking app StopCovid will work

The Ministers of Health and Digital are currently studying the development of an application to "limit the spread of the virus by identifying chains of transmission". As Covid-19 continues to spread in France, the government is doing everything it can to try to contain it. A digital smartphone application is currently under development for this purpose. the Minister of Health Olivier Véran and the Secretary of State for Digital Cédric O gave some details on this subject. Objective of this device: "Limit the spread of the virus by identifying chains of transmission".
France government’s digital tracking app StopCovid will work

If for the time being Olivier Véran affirms that "no decision has been taken", the Prime Minister has shown himself to be rather favorable to a digital tracing on the basis of volunteering. "The principle would be simple: the application is installed voluntarily; when two people meet for a certain period, and at a close distance, the mobile phone of one records the references of the other in its history. positive declares itself, those who have been in contact with this person are automatically notified, "explains Cédric O.

To protect the identity of people and their data, the government ensures that geolocation will not be used by the application. "Only Bluetooth is envisaged. The application will not geolocate people. It will retrace the history of social relations that took place in the previous days, without allowing any outside consultation or transmitting any data", insists the Secretary of State Digital in the columns of the World. And to specify: "It is not an application which tracks your movements, it is an application which makes it possible to indicate to the people whom you have crossed for a long time that they have, possibly, met a positive case with SARS -CoV-2 ".

A prototype of the application is currently in development, but nothing yet says if it will be able to be effective, "because Bluetooth was not planned to measure distances". This device, if it sees the light of day, will be downloadable on a voluntary basis and can be uninstalled at any time. In addition, Cédric O indicates that the final version of this project will be submitted to the CNIL (National Commission for Data Protection). The application "is compatible with European personal data law, with anonymized data. It is a preliminary reflection to know if digital tools, under conditions conforming to the French tradition of security and guarantee of individual and collective freedoms , can be a support for doctors in an epidemiological approach. Not to ask the question today is to take the risk of not being ready tomorrow, if by chance we realized that it was necessary " , adds the Minister of Health Olivier Véran, who was initially skeptical about the use of digital tracking.