Unemployment rates about 20 percent across developed countries are among the grim effects on the real economy of the coronavirus. In a macro keynote at the PostTrade 360° Web Summit, Northern Trust chief economist Carl Tannenbaum shared diagrams on how we can expect to transition back to normal.
The recovery from the covid-19 crisis of the economy will not be V-shaped, but will be taking time.
This was one of the main messages from Northern Trust chief economist Carl Tannenbaum, sharing his outlook with the PostTrade 360° Web Summit on Wednesday.
A large proportion of people will not feel safe about going out in crowds even 12 months after authorities have declared it safe enough to do so, he noted, with reference to surveys.
Our coverage of the PostTrade 360° Web Summit is gathered here.
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