The Covid-19 pandemic that brought the world to its knees and triggered nation-wide lockdowns across countries since the past few months can lead to deglobalisation alleviate some woes, such as worsening inequality, but it could come at the cost of impairing productivity, raising prices, slowing the growth of emerging markets (EMs) and triggering even worse regional conflicts, argues a July 13 report from Nomura titled 'The world after Covid-19'.
“We expect the vacuum in global leadership, tense US-China relations and deglobalisation to continue, and EMs to face a more challenging medium-term outlook. We see the US dollar following a path

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