Post-COVID changes will require significant adaptation – by individuals, firms, and policymakers.
We are struck by the impressive resilience of the global economy. But a return to normalcy is not an "all clear."
How COVID changed the landscape for investment and capital allocation
As the COVID era recedes, we can assess which pandemic shocks have faded and which will likely persist. The more we can clearly perceive these long-term changes, the more effectively we can allocate capital for the future.
The more permanent impacts of COVID will likely include:
Workplace technology will match labor and capital at a distance
Supply chains will become more diverse and resilient
To bring inflation back to target will require below-trend growth
Dense urban business districts will evolve or decay
Companies will see the benefits of positioning, pricing and policy support