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By Olivier GOEMANS, Head of Investment Services and Innovation, Banque Internationale à Luxembourg
Mandatory quarantines to tame the rampant spread of COVID-19 are starting to bear fruit. Already, risk assets have received a tentative lift from the visible bend in the acceleration curve of the pandemic, most recently in continental Europe. With the rate of new daily cases seemingly on the decline in places like Italy, governments are starting to contemplate their exit strategies from the current lockdown.
Unlike in China, where the Government waited for new cases to approach zero before easing restrictions, western nations seem reluctant to wait this long, with some commentators suggesting that the economic pain from a world in a freeze-frame is worse...
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