After Covid-19: A New Economy For A New Expansion

El-Erian: The Long-Term Economic Effects Of The Pandemic

Mohamed A. El-Erian has a long memory for financial crises. As the former CEO and co-CIO of PIMCO, he helped lead the bond giant through the Great Recession, and was a voice of economic reason for investors. Before that, he worked for 15 years at the International Monetary Fund (IMF), where his main focus was on crisis countries and debt issues. I caught up with Dr. El-Erian to discuss how the current crisis and the response to it will shape the U.S. and global economy in five to ten years.

After Covid-19: A New Economy For A New Expansion

The Future Is Not What It Used To Be: Thoughts On The Shape Of The Next Normal

For some organizations, near-term survival is the only agenda item. Others are peering through the fog of uncertainty, thinking about how to position themselves once the crisis has passed and things return to normal. The question is, ‘What will normal look like?’ While no one can say how long the crisis will last, what we find on the other side will not look like the normal of recent years.

After Covid-19: A New Economy For A New Expansion

7 Predictions For A Post-Coronavirus World

However long it will take, we will eventually beat back this virus, and our economies will eventually recover from the punishing recession it will have brought about. But when the dust settles and the masks come off, the pandemic will have permanently reshaped our social and economic behavior. Here are a few outcomes that seem increasingly likely.