This pandemic's the biggest 'black swan' event we've witnessed in our lives so far. The classic hockey stick curve it’s what investors and entrepreneurs desire but what medics despise. In the past week, Italy has seen that kind of curve in its coronavirus case numbers, leaving people and systems overwhelmed. German chancellor Angela Merkel has described coronavirus as Germany’s greatest challenge since World War II.
This pandemic is the biggest “black swan" event we have witnessed in our lives so far. A black swan event is characterized by a very low probability but extremely high impact. The last one was 9/11 in the US, which some still saw coming. But Covid-19 has taken us all by surprise.