, Columnist
A Look at Economies and Markets After Covid-19
Once the coronavirusis is defeated, the new normal will be marked by much slower growth, the risk of deflation and a distrust of equities.
Economies and markets will be dealing with the aftermath of Covid-19 for years.
Photographer: Josep Lago/AFP via Getty Images
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The 1920s didn’t “roar” until viewed from the perspective of the depressionary 1930s. Similarly, in the aftermath of the serious global recession I believe the coronavirus has sparked, the 2010s will look like a Golden Age of slow but steady economic growth with rising employment and declining inflation and interest rates. Here’s what to expect when things return to “normal.”