A Hobbled Recovery Along Entrenched Fault Lines

The global recovery continues but momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full return to normalcy. Pandemic outbreaks in critical links of global supply chains have resulted in longer than expected supply disruptions, feeding inflation in many countries. Overall, risks to economic prospects have increased and policy trade-offs have become more complex.

What 1919 Teaches Us About Pent-Up Demand

1918 should have been a great year for baseball. A young left-handed pitcher named Babe Ruth began the year by pitching an opening-day victory for the Boston Red Sox. Shortly after, Ruth lobbied the team’s manager to let him play other positions so he could spend more time at the plate. The strategy paid off, and Ruth began his run as a home-run-hitting superstar, helping lead the Red Sox to the World Series.

How To Make A New Year’s Resolution

2020 has been a disaster for meeting new people, which is why Per Carlbring’s New Year’s resolution is to spend next year trying to connect with someone new every day. Carlbring, a professor who heads Stockholm University’s Department of Psychology, knows a thing or two about making a New Year’s resolution stick. He and his colleagues recently published a peer-reviewed study on the topic.

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