economic commentary

March 31, 2022 - Easing of Restrictions Leads to New COVID Wave

As restrictions were gradually eased in many parts of the world, a corresponding pick-up in the number of people who contracted the COVID virus has occurred. It is becoming more difficult to track the number of actual cases as testing programs have almost been eliminated. The underlying belief is that everyone will eventually contract the virus, with the hope that the additional cases will not put a strain on the health care system. Barring any major setback, there should be a pick-up in economic growth as restrictions are lifted and many businesses and consumers return to a somewhat normal pace of activity.

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