Written by Tasha Ann Miller
April 16, 2021
Are you thinking about the post-pandemic economic recovery? Anchoring hopes on the COVID19 vaccines have been flouting as global coronavirus cases have not been decreasing just yet. There is also the misinformation that the vaccines will be a panacea to prevent the spread of the virus. However, the vaccines were created mainly to reduce the chance of death and there is still inconclusive evidence to support prevention of contracting the virus. Therefore, global economic recovery has been slow with countries creating huge public debt in their bid for who can get to normalcy first.
In the United States, the $1.9 trillion dollars stimulus package continue to drive the impetus for Americans to pickup the speed in economic recovery and turnover. In Israel, the economic recovery is greener despite the fear of a growing public debt. The country is seen as the prototype for recovery post the pandemic while China continues to drive economic growth mainly from its exports despite a slow consumer spending within its borders.
This week, The View Beyond explores global economic forecasts for 2021, and insights into the focus areas for a full recovery. Caution is needed as the process will need to be clear and not rushed.