Coronavirus is the “everything shock” for years to come

Those that have already bet the ranch on the past may find themselves ruinously out of pocket in the future, writes Lloyd’s List’s David Osler

Plenty of commentators penned “this changes everything” columns in the wake of 9/11 and the global financial crisis; coronavirus really does. Double-digit percentage point contractions in GDP are not supposed to happen in a single quarter. But that is what is happening in the current period, as we watch the agony unfold in real time.