History’s Lessons for the Post-Pandemic World

Consumer habits will likely change and unrecoverable costs could reset business models, says Morningstar analyst Preston Caldwell

Preston Caldwell 15 September, 2020 | 11:06AM

Coronavirus

There is considerable debate about the long-term impact of Covid-19 on the economy. Many people have argued that the coronavirus will dramatically accelerate ongoing shifts in the economy (such as the shift from bricks-and-mortar retail to e-commerce), or that it will create new trends entirely (such as permanent shifts away from dine-in restaurants or air travel).

In this first report in our "World After Covid-19" series, we lay out a framework for understanding the post-pandemic economy. Morningstar analysts see three main causal channels whereby Covid-19 could have a long-run impact on economic outcomes.

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About Author

Preston Caldwell  is equity analyst at Morningstar.

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