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Delusion of the V-shaped rebound

Colm McCarthy


The public will determine the direction of our recovery after the Covid-19 crisis, writes Colm McCarthy

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ALWAYS DARKEST BEFORE THE DAWN: Storm clouds are gathering on the horizon as the economic recovery kicks in

ALWAYS DARKEST BEFORE THE DAWN: Storm clouds are gathering on the horizon as the economic recovery kicks in

ALWAYS DARKEST BEFORE THE DAWN: Storm clouds are gathering on the horizon as the economic recovery kicks in

A few countries, none in Europe, are close to suppressing the Covid-19 virus. South Korea, a country of 52 million people, has had just 273 deaths, compared to more than 40,000 in the United Kingdom, whose 67 million population is only a quarter larger.

Most countries have sought to ''flatten the curve'', minimising strains on the health system, without an explicit target of suppression. A few seem to have resigned themselves, by accident or design, to letting the disease develop almost uncontrolled.

Ireland's experience looks better than the UK but not as good as several European countries, including Austria, Germany, Denmark, and Portugal.