Global market sentiment has been buoyed by the news of several promising candidates for vaccines against Covid-19, but this short-term optimism masks deeper concerns about the long-term effects of the pandemic and the policies governments have enacted to mitigate its damage. Photo: Reuters Global market sentiment has been buoyed by the news of several promising candidates for vaccines against Covid-19, but this short-term optimism masks deeper concerns about the long-term effects of the pandemic and the policies governments have enacted to mitigate its damage. Photo: Reuters
Global market sentiment has been buoyed by the news of several promising candidates for vaccines against Covid-19, but this short-term optimism masks deeper concerns about the long-term effects of the pandemic and the policies governments have enacted to mitigate its damage. Photo: Reuters
Patrik Schowitz
Opinion

Opinion

Macroscope by Patrik Schowitz

Coronavirus recovery: vaccine-boosted economy is still coming to grips with long-term effects of pandemic

  • While short-term optimism surges, questions remain over how much the pandemic has scarred the global economy and constrained future growth potential
  • It is hard not to be concerned about the impact of high debt levels on inflation and economic growth, even as some economists challenge orthodox views on debt

Global market sentiment has been buoyed by the news of several promising candidates for vaccines against Covid-19, but this short-term optimism masks deeper concerns about the long-term effects of the pandemic and the policies governments have enacted to mitigate its damage. Photo: Reuters Global market sentiment has been buoyed by the news of several promising candidates for vaccines against Covid-19, but this short-term optimism masks deeper concerns about the long-term effects of the pandemic and the policies governments have enacted to mitigate its damage. Photo: Reuters
Global market sentiment has been buoyed by the news of several promising candidates for vaccines against Covid-19, but this short-term optimism masks deeper concerns about the long-term effects of the pandemic and the policies governments have enacted to mitigate its damage. Photo: Reuters
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Patrik Schowitz

Patrik Schowitz

Patrik Schowitz is a global multi-asset strategist at JP Morgan Asset Management.