Macroeconomic thoughts for the Covid19 era & Risk Management Policies
It was the beginning of 2020 when I rang the alarm bell in my previous articles (see HERE and HERE ) about an impending global financial crisis, the difficulty of absorbing the crisis by the Greek economy along with its growing non-sustainable public debt. No one could have imagined or predicted what followed. Even world-renowned scientists, economists, think tanks that advise politicians, deal with the analysis of trends and geopolitical forecasts, did not expect or predict the rapid onset of the Covid-19 aggressive pandemic that led to perhaps the worst global economic and health crisis of the century in terms of magnitude and duration. Developed countries and their economies are in recession and as long as the vaccine is delayed, fiscal derailment continues, private and public debt is rising while not adequately discussed in the press. Although the consumption of many retail products has not been affected due to the fact that they are not easily substituted in times of crisis (inel