In the world of psychology, resilience is a highly prized characteristic. The ability to recover from trauma is regarded as the personality trait that everybody should be trying to inculcate in their children. Economies cannot avoid shocks, but the faster they bounce back the less damage is done. Since spring last year our economy has experienced two of the largest shocks imaginable: being shut down, in large part, for months at a time, and being separated from its largest trading partner. SponsoredLast year, it was far from obvious that things would be looking so sunny now.

Source: The Times May 06, 2021 15:56 UTC