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Sam Lovick

The worst is not over even if there is no second wave

I hope the OECD is right about Australia, I have a nagging suspicion not. I think they under-estimate the costs of avoiding that second wave.

Sam LovickContributor

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The French can return to their Pernod and Gauloises in Parisian bars or, if their taste runs to ouzo, holiday in Greece. Not so the hapless British, banned from Greece, banned from their beloved pubs.

Illustrations of what the OECD terms the global economic tightrope; loosen too much, a second wave, loosen too little, worsen the economic harm.

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Sam Lovick is an independent economist and a former chief economist at CSL.

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    Original URL: https://www.afr.com/policy/health-and-education/the-worst-is-not-over-even-if-there-is-no-second-wave-20200617-p553bz