Ed Smith from Rathbones told Sky News that the history of past coronavirus types indicates that a second wave of COVID-19 is not expected to be as bad in terms of infections and deaths. However, Mr Smith added that if the UK are forced to go into lockdown as a result of a second wave the economic impact could be devastating.
Sky News Ian King asked: “What will a second wave look like in terms of new cases and deaths?”
Mr Smith said: “It is difficult to say at present. If we look at the history of pandemics, coronaviruses don’t tend to get progressively worse.
“So if we do get that second wave coming in the Autumn or Winter as some people are predicting there is reason to perhaps be hopeful that it might not be so bad.
“The SARS epidemic in China in 2003 had no major second wave.
Ed Smith spoke to Sky News’ Ian King
The UK Government’s coronavirus alert system
“In terms of new deaths perhaps it won’t be so bad.
“As far as the economy is concerned if it means we have to go back into lockdown that could potentially have a devastating impact.”
Last month, science expert Laurie Garrett told Channel 4 News that unless a very effective vaccine that is affordably priced and is available for the whole world is produced, the coronavirus pandemic will continue for at least three more years.
Ms Garrett also stated that we are only beginning to feel the economic impact of the COVID crisis and that the real powerful pain is yet to be felt.
Ms Garrett said: “In my best-case scenario, we have another 36 months ahead of us of global suffering from Covid-19.
“That is only if we come up with a very effective vaccine that is affordably priced and is available for the whole world in a very short period of time.
“It is far more likely that we will not have that kind of vaccine in that time scale.
“We are looking at a very protracted battle with this virus that will see us going on periodic lockdowns, periodic quarantines, then re-openings.
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“This could go on for years to come.”
She continued: “There will be phenomenal changes in how the supply chains work and how people get food.
“All of this is going to go through profound changes that are going to endure for a great deal of time.
“We are only at the beginning of feeling this economic impact.
“The real powerful pain of this is yet to be felt.”