Pandenomics: How Covid-19 could change the world

For today's article of choice, I point you to a commentary from Mark Cliffe, Chief Economist at ING in which he considers how the economic and political landscape might change as and when we emerge from the crisis.

Naturally, this is a speculative piece but one which is thoughtful and balanced. Please do have a read: Pandenomics: How Covid-19 could change the world https://think.ing.com/reports/pandenomics-how-covid-19-could-change-the-world/

Two conclusions selected from his final listing of 15 are as follows:

1/ Lasting shifts in consumer behaviour and social norms – the mortal threat posed by social interactions has shifted our thinking about how we relate to our households, families, neighbours and communities.

2/ Rethinking efficiency – the pandemic exposed the dangers of over-optimising processes, which leave little slack to deal with sudden setbacks. Instead of ‘just in time’, the ethos will shift to bigger ‘just in case’ inventories.