The Fake New Story of 2021

International monetary fund estimate that output the rich world should return to its pre pandemic level by 20 22 and then rise slightly above it, while it will remain well below trend in the rest of the world until at least 20 25. So they're telling you a story about what is going to happen. And of course, this is just theire their model. It may be n informed guess work, but it's a guesswork. They go on to explain one of the key reasons for this is the vaccination divides. In october 20 21, almost 60 % of people in the rich world were fully vaccinated against covin 19 compared with only 36%. This means that life can start returning to