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Rishi Sunak claimed yesterday that Coronavirus had struck an otherwise healthy UK economy. But as Matin Wolf observes, the virus spread through global trade routes and exposed high levels of interdependence. 'The Great Shutdown' won't simply be reversed. https://www.ft.com/content/d5f05b5c-7db8-11ea-8fdb-7ec06edeef84
The international economy changed after the 2008 crisis. Economic nationalism grew and there was also a change in production networks towards global region rather than truly global production. This thread explains why that is likely to continue. https://twitter.com/Sime0nStylites/status/1250082177620103170?s=20
. @MiriamBrett has written an insightful article for @tribunemagazine about what the crisis means economically and the potential for radical changes: 'We cannot leave radicalism to the Financial Times.' https://tribunemag.co.uk/2020/04/after-coronavirus-theres-no-going-back-to-normal
