Tour de France 2021 - the new economic cycle

Loose financial conditions needed

It’s that time of year again – no, not the excitement of the Euros or the upcoming Olympics but the highlight of my sporting year – the Tour de France

The last 12 months have seen my cycling commuting reduced to zero and while I cycled up a few French Alps last summer and in the Somerset hills in recent weeks, my relative lack of cycling during lockdown has given me plenty more time to focus on a different kind of cycle - economic cycles. Except it is not that simple right now. The Covid-19 pandemic unleashed a huge economic shock such that the global economy didn't so much slow down as hit a brick wall in the early spring of last year. While we usually get plenty of warning signs ahead of an economic slowdown, not least rising inte...