In a twist that has caused many to query the necessity of the global lock-down in response to the COVID-19 pandemic, 30 days after some European countries have lifted restrictions, there is no sign that resumption of economic activities would result in second waves of the plague.

 This has been noted by some financial experts such as Thomas Lee, the co-founder and chief financial analyst of Fundstrat. Lee who used Austria as a case study noted that incidence of COVID-19 has actually fallen by 82 percent since the re-opening of the country.

Since the Austria eased restrictions 1M ago, daily COVID-19 cases have fallen another 82% since then… pic.twitter.com/djEbWRZXTg

— Thomas Lee (@fundstrat) May 15, 2020

Some analysts of the study however noted that the population is still social distancing and operate based on laid down protocols for COVID-19. According to Bernhard Gottschi, a resident of Vienna,

“To be honest the live seemed to be quite normal today in Vienna/Austria. But Restaurants are just working on half capacity.”

Despite the Austrian example, there is no certainty that lifting of lock downs would do much good or that nations would get the same results. The UK for instance used a staggered lift on its lock down and for five days the numbers have been creeping up.

Perhaps it is as a result of the randomness in the lifting. The British prime minister agreed on staggered lifting of the restriction after reports showed that the number of cases have reduced in London, the worst hit city in the country.