The daily rate of global coronavirus has hit a new high of 106,000. Whilst the likes of Italy, Spain and Britain get things under some degree of control, elsewhere it’s not looking so good. Of course, the economic effects of the pandemic have very little correlation with the disease, but the response by governments to lock down. The worry is secondary and tertiary waves are coming, and developed nations fall back on their lock down playbook. It’s far from over. On the potential economic effects and echoes of the Great Depression, read Mr Bearbull's column this week.
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