AEP: No v-shaped recovery for the West

by

Via Ambrose Evans-Pritchard:

The V-shaped recovery in East Asia is sadly no template for the blundering West. The near euphoric rally on global equity markets is based on a fundamental fallacy.

Most of Europe and North America are not pursuing the policies that enabled China and the Pacific Rim – with big variations – to suppress COVID-19 and to stabilise their economies rapidly.

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