Coronavirus lockdowns have failed to alter the course of the pandemic but have instead ‘destroyed millions of livelihoods’, a JP Morgan study has claimed.

Falling infection rates since lockdowns were lifted suggest that the virus ‘likely has its own dynamics’ which are ‘unrelated to often inconsistent lockdown measures’, a report published by the financial services giant said.

Denmark is among the countries which has seen its R rate continue to fall after schools and shopping malls re-opened, while Germany’s rate has mostly remained below 1.0 after the lockdown was eased.



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