The Pandemic Will Forever Change the World Economy

“Both the U.S. and global economies are set to be permanently altered by the coronavirus outbreak and the measures that have been taken in response to it,” Axios reports.

Said former Fed governor Kevin Warsh: “Fundamentally there are going to be huge changes in household consumption patterns, business patterns and global supply chains… Recall how different the landscape was — not just for banks — in the last crisis. And this one seems to be having a bigger imprint on society.”