A ‘broad and accelerating outbreak’: Morgan Stanley just tripled its coronavirus projection to 570,000 cases in the US
- Morgan Stanley tripled its projected coronavirus caseload to 570,000, up from 200,000 just two weeks ago.
- The outbreak won’t slow until the end of the April, Morgan Stanley researchers said.
- The US now has the highest number of cases and the fastest-growing coronavirus outbreak of any country tracked by Morgan Stanley.
- In the US, deaths from coronavirus are increasing exponentially as testing capacity and social-distancing measures lag behind other countries.
- Unless the US ramps up quarantines, the middle of the country could become the next hotbed and reinfect coastal cities, according to Morgan Stanley.
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Morgan Stanley just tripled its coronavirus projection to 570,000 cases and said the US was in for a “broad and accelerating outbreak” that won’t slow until late April at the soonest.
Just two weeks ago, researchers at the bank said they expected the US would see about 200,000 coronavirus cases and that social-distancing measures would help curb the outbreak.
Several new trends caused the firm to reassess, Morgan Stanley analysts led by Matthew Harrison wrote in a note to clients on Monday. They include the emergence of new and worsening hot spots, relatively lax …continued .
[Source: Business Insider]