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How has COVID impacted the economy?

How has the COVID pandemic impacted key areas of the economy, from interest rates to the stock market to property prices, and how might things play out from here?

The past 18 months have seen unprecedented financial upheaval as the global economy has toiled with the impact of COVID. In this article, we explore three ways in which COVID has impacted the economy and take a look at what the near-term future might hold.

Central banks around the world have slashed interest rates or kept them at very low levels in order to make the cost of borrowing as cheap as possible. This means that people can borrow money more easily and keep spending in order to get the economy going.