The COVID-19 pandemics is likely to accelerate the trends of de-globalization and de-dollarization. Over the long term, the major financial consequence is likely to be the accelerated trend of rising inflation and long-term interestrates. More broadly, the post-pandemic environment will likely encompass difficultlonger-term economic and geopolitical challenges. Alternatively, theCOVID-19 pandemics also creates an opportunity for building a new trend of more sustainable globalization.
-By Dr Damir Tokic, Professor of Finance, IUM
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