Bram Janssen/Associated Press
Over the next five years, the main economic risks were identified as the bursting of asset bubbles and debt crises. “I think the pandemic has exposed that being too lean can actually leave companies and societies vulnerable to shocks,” Ms. Klint said. “So allowing for a little bit of slack in your system can actually be a good way to help people and societies and governments bounce back more quickly.”
On the other hand, said Peter Giger, group chief risk officer at Zurich Insurance Group, another partner on the report, “One of the negative consequences of the pandemic is the public perception [that] we can keep everything afloat with public money.”Early data already suggest that the Omicron variant may be better at evading vaccine-generated antibodies, and a lot of that has to do with what’s happening at a molecular level. WSJ’s Daniela Hernandez explains.
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