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Via Calculated Risk:
On March 31st, I wrote:
This is a healthcare crisis, and the economic outlook is based on presumptions about the course of the pandemic.Unfortunately the course of the pandemic has been worse than I expected. Although social distancing clearly worked in slowing the growth rate of infections, many people have recently relaxed their guard – and COVID-19 cases, hospitalizations and deaths are still rising in many parts of the country.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.