The excellent Adrian Blundell-Wignall addressing MB, I think, at the AFR:
I have been surprised at just how negative some economists are about COVID-19. Not so much about the near term, where there is general agreement on the severity of the initial rise in unemployment, but rather about what happens on the “other side”. No “V-shaped” recovery and perhaps a stagnating “L”?
The “other side” will be different, but certainly not an “L”.
