1. The most difficult decision politicians will now be making, repeatedly

Governments across the globe are struggling to balance restrictive measures to prevent the uncontrollable spread of the virus and the need to reopen the economy. These are extremely challenging decisions to make, and likely will need to be recalibrated on a continuous (rather than one-time) basis.

The epidemic is not over. Even in countries which have managed to successfully control the spread of the virus, it could quickly gain speed again. The situation will need to be monitored closely and measures reintroduced or tightened again if necessary. …