Don’t expect the world economy to resume its prior growth pattern after COVID-19

This episode is also available as a blog post: https://ourfiniteworld.com/2021/05/27/dont-expect-the-world-economy-to-resume-its-prior-growth-pattern-after-covid-19/

Most people seem to think that the world economy is going through a temporary disruption, caused by a novel coronavirus. As soon as COVID-19 goes away, they expect the economy will be back to normal. I think that this assessment is overly optimistic. The way I see the situation, the world economy was already having severe growth problems, caused indirectly by resource problems, even before COVID-19 hit.