OVER the recent holidays. I met up with many friends, most wearing a protective face mask in a rather relaxed observance of social-distancing guidelines.
The mood: one of cautious optimism. Not as grim as my Boston friends, who are going through a Covid winter: with job growth stalling; new restrictions on business, consumer spending being set-back’ and worse, with a new fast-spreading virus strain raising the prospect of further lockdowns! Yet, there are some good reasons to consider that for the world economy, 2021 will turn-out to be, perhaps, much better than you think.