The lagging effect is true. What we see is a snapshot to the past. However, most accounts suggest that the European 'lockdown', esp early days in Italy, is too

The lagging effect is true. What we see is a snapshot to the past. However, most accounts suggest that the European 'lockdown', esp early days in Italy, is too lax. The trajectory will bend down. Whether it's sufficient we'll see in a couple of weeks, but that might be too late.