What history tells you about post-pandemic booms | Curio

What history tells you about post-pandemic booms

9 mins | May 3, 2021

People spend more, take risks — and demand more of politicians. 
“The situation is so unfamiliar that economists are turning to history for a sense of what to expect. The record suggests that, after periods of massive non-financial disruption such as wars and pandemics, GDP does bounce back. It offers three further lessons. First, while people are keen to go out and spend, uncertainty lingers. Second, crises encourage people and businesses to try new ways of doing things, upending the structure of the economy. Third, as 'Les Misérables' shows, political upheaval often follows, with unpredictable economic consequences.”

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From The Economist