Chart: The Economist At this point the potential damage from tariffs is showing through most clearly in surveys about the economy rather ... that had come to seem so normal in the decade before ...

We do not know this new economy's structure — only that it will be slower than what we're experiencing now and perhaps more "normal" than anything we've seen since the 2008 financial crisis.

As the chart below shows, although the initial shock of the pandemic was substantial, its effect on the global economy was less pronounced than previous epidemic or pandemic episodes or ...