The world will enter in a new “Time Zone”, after Covid 19.
We will find that the so called economic “Globalization”, did not have its way as planned. Free world trade with products and currencies will never be the same again. The growing economy in the Asian countries, like China and India has been overvalued. The enormous logistic with trade between the continents in the world will change, all for the reason of Covid 19. Why ? The lack of essential emergency stock in many countries has sparked a new way to handle the difficulty to supply the whole world with imported products, from far away countries. Minor company has found that with the new technology to develop 3D printing and produce products that are needed in the local market will stall the import and export. Companies will produce what is needed for the moment. Much of the expensive logistic system by sea and air has to change and be handling by short transports.
All this will in long term have a positive effect on the global climate, with less pollution.
A negative effect will be the economy over all. The stock market will not reach its high for long time ahead. Short time investors will have a hard time, with ups and downs. Real estate market in its whole, may recover sooner?
The tourist trade will also change by travelers new and shorter destinations.
This are some of the effects that a virus called Covid 19, that we all have to face for the next years or decades to come.
Author: Curt Bergsten, #Windmush.
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