Read more about the article The Post-Pandemic Great Reset

The Post-Pandemic Great Reset

The crisis recovery has been uneven, unequal, and incomplete, within and among countries. Additionally, we wonder about to what extent the pandemic has accelerated history by reinforcing some previous trends, leading the world to a “great reset”. Among the enduring consequences of the pandemic, four of them are here highlighted: digital transformation has been speeded up; globalization will be reshaped; higher public debt will be a legacy from the crisis; and some economic scarring from the pandemic in labor markets may be expected.

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Read more about the article Permanent Output Losses From the Pandemic

Permanent Output Losses From the Pandemic

Divergent recoveries  are leaving “lasting imprints”, with emerging and developing economies suffering deeper medium-term damage than advanced countries, on average. Most countries are now forecast to have lower GDP in 2024 than projected in January 2020 before the pandemic. This is different from crises associated with industrial or financial cycles common in history because, in those cases, in general, some period of above normal or trend growth will have occurred previously. In the pandemic there has been only the loss side.

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Read more about the article The Global Economy and the Pandemic

The Global Economy and the Pandemic

There remains tremendous uncertainty and prospects of a post-pandemic recovery vary greatly across countries, as it is bound to happen at different paces. And the divergence of per capita incomes in the world is rising as an aftermath of the pandemic. The pandemic will leave scars in labor markets and income distribution, besides higher public debts as a legacy. A higher pace of automation of jobs, as well as a partial reversal of globalization are also to be expected.

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