06-27-2020, 09:15 PM
https://www.ft.com/content/829dfaf0-ee68...8435cd42d9
Basically, people are done with it. They are moving on.
"...There are many models that predict a miserable future. The IMF has just knocked another 1.9 per cent off its GDP forecasts for 2020. But if there is one thing we have learnt in recent months it is that models contain no certainty, just suggestions of a range of possible outcomes. Moreover, these outcomes can be derailed instantly if, say, people suddenly decide they are not too scared to re-engage socially.
Morgan Stanley, which has a positive model on the go, reckons that economic output globally will return to pre-Covid levels by the end of the year. Bournemouth suggests it has a good chance of being right...."
I'm not as optomistic as the author. But I agree that younger people have decided to end the lockdowns.
Basically, people are done with it. They are moving on.
"...There are many models that predict a miserable future. The IMF has just knocked another 1.9 per cent off its GDP forecasts for 2020. But if there is one thing we have learnt in recent months it is that models contain no certainty, just suggestions of a range of possible outcomes. Moreover, these outcomes can be derailed instantly if, say, people suddenly decide they are not too scared to re-engage socially.
Morgan Stanley, which has a positive model on the go, reckons that economic output globally will return to pre-Covid levels by the end of the year. Bournemouth suggests it has a good chance of being right...."
I'm not as optomistic as the author. But I agree that younger people have decided to end the lockdowns.