The post-pandemic landscape and three stages of recovery
By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group
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Policy Analysis Through the Lens of Phase Transitions
- Three phases in getting economy back on an even keel.
- Supply-chain disruptions, worker layoffs mark first phase.
- Economy then gets back to work as financial damage is assessed.
- Rebuilding begins amid changes to consumer, corporate behavior.
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From Shopping to Dividends to Travel, Changes Likely
- Savings rate rose after 2008 crisis despite low interest rates.
- Individuals could similarly increase savings after pandemic.
- As supply lines are reshaped, 3-D printing could get a boost.
- Hotels, airlines could be affected if business travel declines.
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