The new economy is characterized by: (1) unprecedented governments’ borrowing and spending; 2) de-globalization and shifts in global supply chain; and (3) internet of things, drastically affecting all of countries’ economic health variables such as income, consumption, production, employment, savings & investment, taxation, government borrowings & expenditures.
The new economy has come too fast too soon sweeping a whole people off their feet for the long term towards a new normal.
Leave a Reply