Back to a new future: the three possible economic scenarios

World economists never agree, but on one thing they are on the same wavelength: there are 3 probable post-pandemic scenarios.

In outlining these scenarios, they rely on four fundamental elements:

the resolution of the health crisis  the alleviation of the current crisis  the management of aggregate demand  the overcoming of the inevitable political failures  along the way.

The coordination between fiscal and monetary policy will still largely determine the success of the management of aggregate demand, which will depend primarily on the resolution of the global health crisis and the implementation of urgent support measures. The effectiveness with which these four basic elements will actually be implemented will also largely determine the type of economic recovery for countries and regions, as well as the behavior of the markets.