Some commentary from ANZ in reference to the Australian city of Melbourne lockdown.
- The lockdown experience in Melbourne shows that economic scarring from short lockdowns is unlikely
- and that spending will recover (and perhaps overperform) as soon as the lockdown ends
Bolding mine. Its an intriguing idea but I'd suggest it'd need a lot more work before making definitive conclusions, and what conditions/caveats apply etc.
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Melbourne is Australia's 2nd largest population city.