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Australia may have passed infection peak
Australia may have passed infection peak 3 April 2020 Matthew Hughes Article by: Christopher Joye, Columnist Source: Australian Financial Review April 3, 2020 As we move through the eye of the coronavirus storm, two key events will be turning points for markets. The first is when the rate of increase in the number of new infections and deaths in larger economies starts to noticeably decline, signalling that containment strategies are doing their job. A second will be when these nations begin to transition businesses out of their lockdowns and back to work, albeit on a “new normal” basis that continues to mitigate ongoing transmission. The Chinese and South Koreans have demonstrated that this is possible. This is why my team has spent significant time developing models to track live infections/fatalities and to predict the peak in the number of new cases. And there is some good news on this front. Notwithstanding the hand wringing about the laconic and lackadaisical Aussie response to the crisis, the infection and death data indicate we are outperforming many others. The rate of increase in new Australian infections is slower than most of our peers. Even more importantly, the rate a
Article by: Christopher Joye, Columnist Source: Australian Financial Review April 3, 2020 As we… Read Article