What 500 years of history tells us about the long-term economic impact of pandemics

We are now a year into the Covid-19 pandemic and one question remains: when will the global economy recover from what has been called the worst pandemic in over 100 years? Central to the uncertainty surrounding this question are the two very different stories that the financial markets and the real economy have painted. On one hand, the stock market has rebounded marvellously since the pandemic sell-off last March, realising a sharp V-shaped recovery to 2019 levels of activity. To the extent…

Read the original article at South China Morning Post