Wounds heal, scares last
Wounds heal but scars last. That’s an old lesson from history and will also be the case as far as COVID-19 is concerned. We already know from empirical evidence in China that consumers are in no rush to come back on the streets of the big cities, and why would it be any different elsewhere? In other words, the consumer-driven part of the global economy could run at reduced power for quite some time to come.
You can read more here: https://www.arpinvestments.com/arl/five-lessons-from-history-5-5