Shock study claims curfews didn’t slow coronavirus spread despite ‘destroying livelihoods’
A SHOCK new study by the investment bank JP Morgan claims coronavirus lockdowns have had no effect on the course of the pandemic and have instead 'destroyed millions of livelihoods'.
A SHOCK new study by the investment bank JP Morgan claims coronavirus lockdowns have had no effect on the course of the pandemic and have instead "destroyed millions of livelihoods".
The report was written by Marko Kolanovic, a trained physicist and a strategist for the bank. Ever since the emergence of the novel coronavirus in China at the end of last year, countries have imposed lockdowns to try and counter its spread. This has led to an unprecedented economic collapse, as economies around the world shuddered to a halt.
"Economists have predicted a global recession to rival that of the Great Depression of the 1930s and already millions of workers have lost their jobs.
Mr Kolanovic argued that governments were spooked by “flawed scientific papers” into imposing lockdowns which were “inefficient or late” and had little effect.
He wrote: “While we often hear that lockdowns are driven by scientific models, and that there is an exact relationship between the level of economic activity and the spread of [the] virus - this is not supported by the data."