As authorities the world over lift economy-crippling movement restrictions aimed at curbing coronavirus infections, the fear on everyone’s minds can be expressed in two words: second wave. The concern is that, once quelled, the pandemic will resurface with renewed strength, causing a repeat of rising infections, swamped health systems and orders for lockdowns. Rashes of new cases in pockets of Asia and the U.S. have added to the fears.
A recent rise in Covid-19 cases in Gauteng and Cape Town, including several emerging hot spots are still technically part of the “first wave” of the pandemic, but that doesn’t mean a second wave isn’t coming. The next wave of Covid-19 is unpredictable, because there’s still a lot about the virus that we don’t know. A second wave could lead to a massive wave of declines for the economy, corporate earnings and the stock market.
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