A pedestrian wearing a mask crosses a near-empty street in the central business district during the “circuit breaker” lockdown in Singapore on May 20. Singapore will allow more businesses to reopen on June 2 after a nationwide lockdown cut transmission of the coronavirus among citizens and permanent residents. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Market joy over lifting of coronavirus lockdowns ignores the looming risk of a second outbreak

  • The S&P 500 climbing back to near pre-pandemic highs shows the global economy is reacting warmly to news of countries reopening for business
  • Western economies are not as well-equipped to handle the risk of another outbreak after struggling to enact measures to break the chain of infection
A pedestrian wearing a mask crosses a near-empty street in the central business district during the “circuit breaker” lockdown in Singapore on May 20. Singapore will allow more businesses to reopen on June 2 after a nationwide lockdown cut transmission of the coronavirus among citizens and permanent residents. Photo: Bloomberg
READ FULL ARTICLE