The Next Normal

The Next Normal

We will eventually come out of the current pandemic, but what will the world look like, are we going to go back to the way it was or is the society and economy shaping up for the (new) next normal. The following resources give a view of what the economic recovery could look like (V, U, or L shape as the economists like to call them) and how long will that take to get to pre-pandemic economic numbers.


Understanding the Economic Shock of Coronavirus (Harvard)

As the coronavirus continues its march around the world, governments have turned to proven public health measures, such as social distancing, to physically disrupt the contagion. Yet, doing so has severed the flow of goods and people, stalled economies, and is in the process of delivering a global recession. Economic contagion is now spreading as fast as the disease itself.


COVID-19: Implications for business (Mckinsey)

The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. This article is intended to provide business leaders with a perspective on the evolving situation and implications for their companies. The outbreak is moving quickly, and some of the perspectives in this article may fall rapidly out of date. This article reflects Mckinsey’s perspective as of April 13, 2020. Check this page often for updates.


Perspective: The Power of LUV (TD Bank)

The following Perspective is based on a speech to internal stakeholders outlining our current thinking on a) The economic forecast and the shape of the business cycle; b) Potential labor market dynamics in relation to recent government policies; c) International experiences on “reopening” the economy; d) Implications for monetary policy and interest rates


A Long Time Until the Economic New Normal (MIT)

Leaders must learn from the pandemic now to position their companies to thrive in the next crisis. Although it is too early to estimate the exact economic impact, it is likely that full recovery of economic activity, including GDP growth, jobs, and unemployment, will take at least a year, and likely much longer.


Comparing the current crisis to the 2008 one

A look at the similarities and differences between current conditions and the 2008 financial crisis


Defined benefit pension plans under COVID-19

How DB plans can navigate through the current market environment: A Covid-19 game plan for defined benefit pension plans:


Data on economic growth in Canada

Economic growth in Canada slumped in March


Finding value in volatile markets
The value of alternatives through volatile markets: Alternatives can smooth market bumps


The growth of cashless payments

COVID-19 has resulted in more cashless payments: Contactless payments skyrocket because no one wants to handle cash


Bank of Canada and interest rates

The BoC kept its central interest rate at 0.25%: sees risk of ‘structural damage’, ramps up bond-buying


Generation Z reconsidering how they view money

Why Covid-19 is rebooting how Gez Z feels about money and banking


Impact of short-term losses and long-term value

How much wealth destruction has truly occurred since February?


How Covid-19 may change banking

Reimagining banking during and after Covid-19