Bruce Kasman is joined by David Mackie to discuss his recently released special report Living with COVID-19. Much of the world is moving quickly from a pandemic to an endemic equilibrium in which COVID will require minimal government restrictions and only limited pressure on healthcare systems. While this transition should boost global growth and promote a narrowing the wide growth gaps created by the virus, there are two important obstacles to normalization. First, the most populous country in the world China, is not in position join the rest of world in this transition. Second, the pandemic has likely had a lasting impact on labor markets which are remarkably tight and will likely place constraints on normalization.

Speakers:

Bruce Kasman

David Mackie

This podcast was recorded on May 12, 2022.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/t/GPS-4086751-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.