GARY RYNHART: Enter the global post-pandemic boom
Few industries will escape being either reformed, restructured or removed. The pre-Covid economy is gone
A colleague used to say economic forecasting was designed to make astrology look good — after all didn’t economists predict nine of the past five recessions? Wisecracks aside, predicting the future is fraught with difficulty.
Yet it doesn’t seem too much of a stretch to suggest that we are on the cusp of a global post-pandemic boom. All of the rich economies are expected to post growth rates in 2021 unseen in decades. The IMF is predicting global growth of 5.2% in 2021. This has not happened since the boom times after World War 2...