Global Macro Service > Research Briefings > Global

The consequences of pandemic-driven inequality

According to our analysis, the Covid-19 pandemic is likely to exaggerate global inequality, leading to more aggregate debt among lower earners and higher savings for those at the top. The surge in savings will raise demand for safe assets, which would put downward pressure on long-term government bond yields – already depressed from a chronic shortage of safe assets.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below