Seriously you have to be seriously educated (PhD level) and brain damaged to be chief economist at Morgan Stanley and not have a coronavirus second wave effect on the economy in your forecast!
Idea is: No Shutdown, only a lockdown in certain areas, so the economy will grow. 
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Replying to @DanielleFong
Even without a second wave, the numbers don't make sense. Shouldn't the purchasing power of many millions of American's be drastically lower, meaning lower demand across the board?
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