IAN BREMMER: K-shaped recoveries for countries could be calamitous
The global economy will not return to what it was until every country manages to get the Covid-19 pandemic under control
A year into the pandemic, the health effects of Covid-19 speak for themselves — more than 105-million people known to be infected worldwide, more than two-million dead. The good news is that effective vaccines are well on their way; the bad news is that we’re looking at a start-and-stop recovery for at least the next year, with all the economic, political and social complications that brings.
Of course, some countries — and certain segments of society within them — are better equipped to handle whatever comes next. And that’s precisely the problem as we begin the slow road to our next normal; while K-shaped recoveries for markets are concerning, K-shaped recoveries for countries have the potential to be much worse. This is why...
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