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Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
By Gita Gopinath, Economic Counsellor and Director of the Research Department at IMF
The Great Lockdown is expected to play out in three phases, first as countries enter the lockdown, then as they exit, and finally as they escape the lockdown when there is a medical solution to the pandemic. Many countries are now in the second phase, as they reopen, with early signs of recovery, but with risks of second waves of infections and re-imposition of lockdowns. Surveying the economic landscape, the sheer scale and severity of the Global Lockdown are striking. Most tragically,