Recovered economically in the '20s: This may be ‘The Grapes of Wrath'
Tina Ford spoke about Avonhurst's "Vax Populi" work, which analyzes the world's 27 most important economies to see how well they are able to deal with the threat of the pandemic coronavirus.
Author:Stefano MclaughlinReviewer:Luqman JacksonMay 03, 202146.4K Shares618.8K Views
Some financial experts have predicted a “Roaring '20s-style recovery after the coronavirus epidemic,” but there is no way to know who will be winners and losers.
She noted in an interview with CNBC on Friday that economists sometimes use the term “Roaring '20s'90s” to describe the effects of a pandemic that she didn't have issues with it.
Former Citi Global Chief Political Analyst Close to the post-Depression boom described in F. Scott Fitzgerald's The Great Grapes of Wrath, some may profit, while others may suffer as Fordhammed, just as they did in the period portrayed in the novel The Grapes of Wrath by John Steinbeck
We will also have to do with the consequences of the pandemic for years to come.” Fordham named “Grapes of Wrath,” in “Street Signs Europe.
Following the war and the 1918 flu pandemic, the decade of the '20s became remembered as the Roaring '20s.
John also addressed VAX Populi's study, which takes a deep dive into the 27 most at-risk economies around the world and the threats they will face as a result of the pandemic.
It is widely expected that the pandemic would trigger an economic slump of roughly five to ten years to two election cycles after the fact, Ford says.
She emphasized that this would be put to the test in the forthcoming U.K. and French elections, which would determine the political climate in those countries.
However, the September German election will signal the beginning of the “European supercycle.” Echoing Chancellor Merkel, Fordham remarked that Germany's Green Party — recently enjoying a surge in popularity — would have a “huge impact” if it entered the Chancellery.
French markets will be monitoring the results of the national election for hints of a pandemic-related political event. France and the nation in general were, as she put it, doing well on the VAXPop framework, could benefit from the rise of the far-right if there is an economic downturn.
Stefano Mclaughlin
Author
Luqman Jackson
Reviewer
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