Yetsenga said while it was clear form various data that the peak of infections has passed in a range of countries critical to the global recovery, history suggests rushing to reopen economies could be problematic.
“I think building the base for recovery is going to be quite a long-term process,” he said.
The outcome of attempts by some countries to partially reopen in the coming weeks would be telling, Yetsenga said.
“I'll actually be watching the Anglo Saxon countries very, very closely – the US, the UK, Australia and New Zealand,” he said.
“There are obviously various levers of opening in different parts of those economies. And I think the extent to which the case count increases or doesn't will be important in all these places.”
Listen to a podcast of the call above to find out more – including in-depth analysis of how the virus is impacting ANZ’s key markets.
Shane White is content manager at ANZ Institutional