Mário Macilau
History shows that social unrest follows pandemics, and in the case of Covid-19, the aftermath will likely create an environment for populist policies.
This is according to Schroders Asset Management, which on Wednesday hosted a webinar on the long-term impact of Covid-19. The webinar was accompanied with the release of Schroders June 2021 report,
Inescapable Truths update: Which trends have strengthened and which have been challenged by Covid-19?
Speaking during the webinar, Schroders chief economist Keith Wade noted the unevenness of the global economic recovery following the Great Lockdown of 2020, in which restrictions on movement were put in place to limit the spread of Covid-19. Developed markets are set to perform better than emerging market economies. This can be seen in how different income groups have been affected by the pandemic. For example, individuals in low-wage sectors like restaurants and hotels have been hardest hit by