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Weekly Wrap - Week 02, April

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The world is seemingly adjusting to a new normal – from lockdowns, to fast transforming economies, and to rethinking how businesses work. This week, we look at how transformative COVID-19 is, and how to adjust to burnouts.

COVID-19 is forcing a transformation from a global, to a local economy. All this time we were working on global policies which has now been disrupted due to the COVID-19 pandemic. Imports, exports and global supply chains will be severely affected, foreign exchange scarcity will be severe, and the exchange rate depreciation will speed up with many job losses and bankruptcies of business organisations. Read more about where your focus should be on, here.

 

Economic impact of COVID-19 and future challenges, as penned by Dr. K.A Lalithadheera, examines how the pandemic seems to have created a world crisis similar to the one after the Great Depression which happened during the 1930s. Presently many governments provide funds to maintain the smooth functioning of the basic necessities of the people. IMF and international organisations are going to inject money by providing loans for the affected countries. These actions are more important to push the demand in the short run but it will be affecting price increases and inflation. How else could this affect us?

 

How do you fight off burnout? By carving a new path. Monotonous work and lack of flow during the day can cause stress and burnout, even if we enjoy what we do. One way out of that is through “job crafting” which means changing the way we perceive our daily tasks and the purpose behind them. Reminding yourself of the meaning behind some of the more repetitive tasks will help keep the flow going.

 

With remote work the "new normal," the pressure to publicly prove your productivity is amplifying worker anxiety levels. But we need to change the way we think about this, The Chronicle of Higher Education argues. As most will be working from home for the foreseeable future, some adjustments are needed. Do not, for instance, “dive into a frenzy of activity” or obsess about the productivity of others according to their social media feeds. Instead, first eliminate outside noise, tap into your own feelings and “build a sense of security.”

The Ceylon Chamber of Commerce

Aisha Nazim

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