Before trying to figure out the potential consequences of the coronavirus pandemic on our economy and markets, there are two fundamental questions that need to be answered: what are we really facing, and how is it likely to end?

The quick answer to both questions — the only answer we can be sure of right now — is that no-one can possibly know. Not yet, anyway. But, while fully acknowledging that “the economic crystal ball has never seemed murkier”, Kate Andrews does as good a job as any in looking at potential answers in this week’s issue of The Spectator magazine. Here is a precis compiled from a few extracts:..

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