Coronavirus shutdown: still more damaging news to deal with (The Aust 21/04/20)

In the last fortnight, we saw a relief rally in markets. Some saw this as a positive sign of recovery and others a “false dawn”.

While we must expect volatility, I remain concerned with the long-term damage that has been done to economies around the world as the “off” switch has been flicked in response to COVID-19.

In particular, we’re now looking at the effect this is having on revenues and earnings for businesses of all kinds. Indeed, we may not see the full long-term effect of the restrictions for at least another three to six months.