April 17, 2020

Pause for (sobering) thought

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In Short

China’s official NBS PMIs bounced back in March. The manufacturing PMI rose to 52.0, up from 35.7, while the non-manufacturing increased to 52.3 after 29.6 in February.
Pause for (sobering) thought
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It Ain’t Over Till It’s Over. The coronavirus contagion continues to slow, but it is not a straight line to zero. In the two weeks to 10 April, the daily growth in the total number of recorded cases globally had slowed linearly from about 12% to 6%. But over the past week that pace has lost just over one point (now below 5%). Unfortunately the decline towards 0% is likely to be asymptotic. And until the number of new cases falls to a very low level, it will be hard to ease the lockdowns measures. The risk indeed is that a second wave of infections would cause more deaths and force society back into severe lockdown.

PAUSE FOR (SOBERING) THOUGHT

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