The forecast changes that have not materialised in the post-COVID economy

At the beginning of the COVID pandemic, some profound changes in the functioning of the economy were expected but failed to materialise. In particular, they include: A more favourable income distribution for wage earners (corporate profit margins have actually never been higher); Deglobalisation (global trade and Chinese exports are actually increasing very rapidly); A “fairer distribution of wealth” (wealth inequality has actually risen sharply due to the rise in asset prices); Frugal consumers and consumption of local products (goods purchases have actually grown strongly, leading to numerous bottlenecks).