Better settle in for the long-haul. For all the impressive snap-back in activity in many places, infections continue to climb across much of the world, including parts of Asia. Human suffering continues nearly everywhere: even where the pandemic has been contained, jobs and incomes have been lost, and hardship beckons. Thus, further policy support, both fiscal and monetary, will be required for a while. True, mainland China, first in and out of lockdown, has swiftly bounced back. But even here the recovery remains uneven, with the private sector still lagging behind. The good news, economically, is that the region's exports have held much better than feared. Yet, momentum may fade in the coming months as the world normalises and needs fewer of those goods from Asia it demanded when factories were shut elsewhere. Growth will appear strong next year, but that's the easy part. After the plunge in 2020, statistical base effects will flatter readings everywhere. To regain all the lost ground, it will take many economies well through 2021. Quite a bit of stamina will therefore be needed, but we'll get there, slowly and persistently, eventually.