In this edition of Tyndall Comment, we explain why our research indicates why this optimism is premature. Production is now beginning to track lower demand levels, households are saving more and spending less - and, governments across the world are less able to provide fiscal support for their economies. Even with "hold-out" countries like Australia, the outlook is notably weaker.
Real recovery will take a lot longer. Peter Lynn describes how people will start to spend again. But, that could be more than a year away.
Read the full Tyndall Comment.