The pandemic that continues to devastate the world has also unleashed unprecedented economic support programs by most nations around the globe. A myriad of initiatives have been launched to minimize the severe economic side-effects of the public health actions.
Socially dependent industries, such as tourism, travel and hospitality have collapsed, nearly overnight. Unemployment soared, buffered by eye-watering government cash handouts, and businesses continue to falter. Consumer cash hoarding is compounding the economic downturn.
Three global themes are emerging:
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