Shape shifting: How the pandemic is changing the contours of the US economy

This report analyses the impact of COVID-19 and the factors that have reshaped the United States and global economy during the pandemic and potentially into the future.

Pandemics of the length and scope of the current COVID-19 pandemic can change the economic and geopolitical landscape, literally shape shifting economies in their wake. Data on shape of economies after pandemics shows higher savings rates, a smaller labour force, lower real interest rates, higher wages, wealth destruction, and lower capital expenditures. In many cases the rate of interest was below the rate of growth after past pandemics. Some past pandemic economies have also experience h...

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Authors: Constance Hunter

Published Date: 23 August 2021