What will be the long-term impacts of COVID-19 and the lockdown of economies around the world?
This is Version 1.0 of our post-COVID views. The outlook remains highly uncertain, and our views will evolve and may change.
Making predictions amid the “fog of war” is always difficult. People tend to over-extrapolate current impacts into the longer-term. Following the 9/11 terrorist attacks many were predicting people would stop flying and no longer want to work in high-rise buildings. But only six months later travel had bounced back to normal. And the Freedom Tower, built on the site of the destroyed World Trade Centre, is the same height as the original buildings.