Coronavirus lockdown vs fear: What's delaying economic recovery?-_113579068_gettyimages-1223659708.jpg
The coronavirus outbreak has been followed by a massive decline in economic activity in many countries, often blamed on the lockdowns aimed at stopping the spread of the disease and limiting the deaths it causes.

In fact, there are two forces at play.

Government rules being one, and voluntary action taken by individuals and businesses is the other.

If you want to know how quick the recovery will be, you need to know the extent of each.

To the extent that it's driven by official restrictions, lifting them would do the trick.

But it will take more than that to reverse personal choices and habits.
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