Wall Street economists are warning that public fears of coronavirus could undermine efforts to reopen economies, leaving the stock market’s powerful recovery vulnerable.
Several US states and European countries are tentatively emerging from tight restrictions on movement put in place to stop the spread of Covid-19. President Donald Trump is itching to reopen the world’s largest economy even as he acknowledges that relaxations could lead to a flare-up of cases. The UK is set to ease certain measures from Monday.
But strategists tracking real-time indicators from countries further along this process, including China, report that it is unlikely that economies will see a quick snap back to normal levels of activity.
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