Savvy investors can look to the emerging markets for investment opportunities, Juckes said.
It's more likely that we'll end up thinking about this as a savage interruption to a cycle rather than the end of a cycle and the start of a new one in the global economy," he told Insider.
As the pandemic unfolded and death rates piled up, the global economy all but ground to a halt.
"Once we get to solving [the problem of] vaccinating 1.4 billion people, [or] 1 in 6 people in India, then the global economy will follow," he said.
Emerging markets, such as central and eastern Europe and Latin America, have offered signs of hope, but there is still evidence of beleaguered economies continuing to struggle.
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Societe Generale, Service, Capital Economics, Economics
India, Europe, Latin America, Thailand, Taiwan, Vietnam