What does a postpandemic world look like for investors and business?
Companies have to come to grips with new ways of conducting business amid investment and societal changes
Global markets cheered the arrival of 2020 with huge optimism as the S&P 500 reached several record highs last January. Yet in the midst of this booming start to the year news began filtering in about a flu-like virus that was spreading rapidly in a Chinese city called Wuhan. By March the global economy experienced the fastest contraction on record, followed by the fastest economic recovery on record over the subsequent months due to stimulus from central banks. Global markets were back to record highs.
The unintended consequences of the pandemic include investment and societal changes that are likely to have a long-term effect on markets. We have already seen how working from home by local and international firms has had a significant microeconomic effect on the world we invest in. One cannot deny that Covid-19 created chaos in many businesses, but it has also created investment opportunity...
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