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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Most of the deaths are likely to be older people and nursing homes are in a particularly bad place but I don't believe they are quite the majority. It's a very bad disease and hurts many, including young people large cities have a higher growth rate initially because more global
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Deaths are a lagging factor, and the spread is exponential. So I don't buy the idea that that's how you should model this *at all* You have some distribution that you estimate for the lethality. 5% of those who tested positive of COVID19 have died.
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12:23 PM - 15 Jun 2020
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