Ross Waugh shares some infrastructure asset management perspectives on the economic cycles starting in 1987 and the possible financial repercussion from the COVID-19 pandemic responses.
Will the world economy collapse because of the impact of the lock-downs that countries have implemented to stop the COVID-19 Pandemic?
Watch the video and understand why Ross Waugh is saying that it will not.
In this video blog, Ross Waugh shares the recession-growth pattern of the world economy. He presents the economic downturns in the last two decades and the growth that follows it.
“One of the things that infrastructure asset management teaches is to look long term through the lives of your infrastructure for the total life cycle costing and management,” said Ross in his video blog.
See the examples that he gave, explaining further his statement above.
Towards the end of the video, Ross gives some essential tips on how to manage your infrastructure system, especially when your country is experiencing an economic recession.
CLICK on the Play Button to watch the video!