by UBS

Globalisation – from slowdown to stasis?

Covid-19 won’t mark a turning point for globalisation itself, reveals new research from UBS, as it’s been in retreat for the better part of 15 years. But post-pandemic, globalisation may move from slowdown to complete stasis, if supply chains shorten, protectionism including in services increases and Chinese growth moves towards more homegrown consumption.

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Could the coronavirus hasten the death of cash?

Cash is on the decline, and the coronavirus could well hasten its demise. During lockdowns, consumers shifted to online retail and were encouraged not to use cash, to prevent the spread of the virus. Some places, like the US, saw initial spikes in cash withdrawals due to hoarding, but in the first countries to reopen their shops, bars and restaurants, cash volumes haven’t bounced back to pre-Covid levels.

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