GS head on an earnings call on Wednesday made a pertinent point
- "Unless people feel safe and secure and confident around the virus, the economic impact will continue in some way, shape or form"
There are plenty of calls about to 're-open' economies, and indeed this is being done in some places, albeit slowly. A point to remember though is that despite some folks being quite keen to get back to their former lives there will be huge numbers of people remaining very cautious indeed - they will not be rushing to cinemas, restaurants and what have you even as restrictions are lifted. We saw this in China, cinema/theatre attendances were extremely low upon reopening (cinemas were ordered shut again soon after reopening).
