It’s just over three months since Australia’s borders were closed, but in that time, what started as a health crisis has morphed into an economic and social crisis on a scale we haven’t seen since the Great Depression. According to the IMF, just as 75 per cent of countries are reopening, the pandemic is intensifying in developing countries. In the absence of a medical solution, it predicts a deeper than expected recession in 2020, and a slower recovery in 2021. Global output is projected to decline by almost 5 per cent this year and 95 per cent of countries are...