As mentioned earlier, private consumption for the time being is expected to be under downward pressure from the real income side but is projected to increase, supported by pent-up demand. That said, since pent-up demand is expected to materialize in services consumption in particular, including dining-out and travel, developments in such demand depend largely on the future course of COVID-19.
It carried a short article, with the admonishing title “A Naughty way to Salvation.” It was well-hidden in an inside page – no cover page on The Economist for small-island states unless they have been particularly naughty like Cyprus, or Iceland before it. Maybe it’s high time for The Economist to make some amende honorable...