- January 7, 2022
- Posted by: Stratford Team
- Category: Economy
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 6, 2022. REUTERS/Brendan McDermid
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LONDON, Jan 7 (Reuters) – Bet all you like on how a post-COVID-19 world might shape up but the global economy remains far from any state of normality as we enter 2022.
As after the global banking crash 13 years ago, economists and investment managers have been quick to speculate about the “new normal” that will emerge once the pandemic has passed.
The phrase, coined after World War One and used to describe the changed state of affairs following global crises, aims to capture what endures from the blowup to shape a new status quo.
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The new normal after 2008 saw the world economy settle into a decade of sub-par growth and non-existent inflation. Rock-bottom interest rates and central bank stimulus buoyed asset…
