18/08/20

COVID-19 Winners And Losers

We are between Pre-COVID and Post-COVID economies. Governments across the globe intervened with the idea of freezing the economy so the economy could emerge the same after the virus passed, if a bit damaged. All will be back to normal. The global governmental reaction to the pandemic of ordering shut downs and offering stimulus packages is historically the largest peacetime government economic interference. The gradual disintermediation of the middlemen with the application of technology was happening in measured steps. As a result of governments’ interference, it is now happening at lightening speed. Many traumatised companies and industries are unable to adapt and will not survive. This is the Shock-COVID economy.

Back to the ‘New Normal’ futur…