The head of coronavirus research at Morgan Stanley shares 5 reasons that we'll be stuck in a cycle of reopenings and shutdowns until March of 2021
, highlighting how the bank's biotech researchers expect the novel coronavirus to affect the US from now until June of 2021.
The only thing that makes the coronavirus and lockdowns go away for good is a broadly available vaccine. But that may not be available until March of 2021, the report said. Dealing with the second wave of the outbreak will require "good surveillance capability to identify those new cases that come up, effectively isolate them, and stop them from turning into major hotspots," Harrison said.
Some economists at the firm say the US won't return to pre-pandemic levels of activity until the fourth quarter of 2021, according to Harrison. The states will work together to share best practices for testing, tracking, and isolating people with the virus. Most of the companies that make nasal swabs and reagents for the diagnostics are private, so there's not much visibility, he said.
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