15 May 2020
We are at a critical juncture in the global Covid-19 crisis response as we transition from lockdown into a new period of gradual reopening. Clarissa Dann summarises recent Deutsche Bank research and analysis on execution and virus resurgence risk
With more than 4.3 million confirmed cases of Covid-19 globally and what the European Commission called a “recession of historic proportions” in its Spring Forecast published on 6 May,1 the race to recovery is on. Some economies are further out of the starting blocks than others, but should they be? Are they running the risk of a second wave of contagion and further economic setback in the future?
Following on from our 4 April 2020 perspective in Towards a silver lining, this article, some weeks further along the Covid-19 path, takes a look at the current positioning of economies as they attempt to restore public health, markets and economies, in something of a tightrope act. As Deutsche Bank Group Chief Economist David Folkerts-Landau comments in The House View (12 May), “A highly uncertain and worrying outlook lies ahead, and it is likely that any short-term stability will come at a huge long-term cost.”2
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