- JP Morgan research said infection rates had fallen since lockdowns were eased
- It suggested the virus ‘has its own dynamics’ which are ‘unrelated’ to lockdowns
- Report said they were imposed with little thought of ‘economic devastation’
LOCKDOWNS have not altered the course of the coronavirus pandemic but have devastated the global economy, a study by JP Morgan has claimed.
A paper by Marko Kolanovic, a strategist at the investment bank, argued that governments were “spooked” into imposing lockdowns that were “late” or “inefficient”.