In the wake of Monday’s official ruling that the pandemic-induced recession lasted only two months last year, the forecasters at Capital Economics are offering some lessons learned about the recovery. In a note Tuesday, they write that those who had above-consensus recovery expectations had the better call. They also write that consumption patterns altered by the pandemic now appear to be returning to normal, although that is less the case on the trade front. And as for supply chain bottlenecks, Capital Economics says supply constraints “have limited output most in economies that have reopened quickly and had large amounts...
Capital Economics Offers Lessons Learned About Pandemic Recovery - The Wall Street Journal
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