Insights For A Pandemic Economy

This pandemic is a once-in-a-century crisis that has unleashed demand and supply disruptions in the global economy after the Great Depression of 1929. The contrast to 2008 Great Financial Crisis are fundamentally different. The GFC started as a subprime crisis that went on to threaten the global financial system and then impacted the economy and households. This time around, the crisis started as a medical pandemic, which led to scores of deaths and businesses forced to shut shop due to lockdown. The financial system has been safeguarded by upfront concerted actions with rate cuts, huge liquidity injections, monetary and fiscal stimulus and direct intervention by central banks. Many business models will never come back and millions of jobs that were lost may have been lost permanently. The way people live, work, consume, spend, save and invest is changing forever and will require all...