A worker in protective gear sprays disinfectant at Tianhe airport in Wuhan, after the authorities lifted the lockdown on the city on April 8 and outbound travel resumed. Photo: AFP A worker in protective gear sprays disinfectant at Tianhe airport in Wuhan, after the authorities lifted the lockdown on the city on April 8 and outbound travel resumed. Photo: AFP
A worker in protective gear sprays disinfectant at Tianhe airport in Wuhan, after the authorities lifted the lockdown on the city on April 8 and outbound travel resumed. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why markets are making a big mistake in assuming the coronavirus threat is receding and betting on recovery

  • While the virus-induced slide into global recession was rapid, the resumption of economic activity will be anything but
  • Markets have seized on signs that infection rates are slowing, but actual economic recovery remains a distant prospect

A worker in protective gear sprays disinfectant at Tianhe airport in Wuhan, after the authorities lifted the lockdown on the city on April 8 and outbound travel resumed. Photo: AFP A worker in protective gear sprays disinfectant at Tianhe airport in Wuhan, after the authorities lifted the lockdown on the city on April 8 and outbound travel resumed. Photo: AFP
A worker in protective gear sprays disinfectant at Tianhe airport in Wuhan, after the authorities lifted the lockdown on the city on April 8 and outbound travel resumed. Photo: AFP
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