We've discussed our base case, and what that means for the major economies, in other parts of our latest monthly update. It assumes that the lockdowns eventually manage to flatten the curve, although not entirely. Given socio-economic tensions and the significant economic fallout, the first European governments decide to begin relaxing the lockdown measures at the end of April. Others will follow in May. The return to normality is gradual, and social distancing continues for at least the entire summer. A proportion of those who can work from home continue to do so for the foreseeable future. Meanwhile, places, where ... (full story)