The Lasting Impact of the Pandemic on the Economy

The pandemic is expected to have a long-lasting impact on the global economy by exposing underlying issues such as income inequality and supply chain vulnerabilities. Many individuals who could work remotely experienced fewer negative effects, while those in service jobs faced greater risks, highlighting disparities in economic resilience. Additionally, the reliance on global supply chains became evident, revealing issues related to dependencies on foreign imports, particularly in technology sectors. This increased awareness may lead to a reevaluation of how economies manage vulnerabilities and could necessitate a shift towards more localized supply chains.