Forecasters and analysts are predicting an era of high global economic growth, given the arrival of Covid-19 vaccines, rapid shifts in artificial intelligence technology, more affordable renewable energy and continued remote working. The coming period, due to these positive projections, is already being referred to as the ‘new Roaring Twenties’, after the third decade of the 20th century.
The comparison is intended as inspirational. After 2020 was disrupted by the pandemic, the label is there to give people around the world hope that better times are just around the corner.
The 1920s conjure up nostalgia – due to the decade's Hollywood-crafted reputation, and the emergence of the motor car, the popularity of jazz and a stock market bubble, which generated huge amounts of paper wealth, which all helped spark a social, cultural and economic boom.
But as some might remember, that decade ended with the Wall Street Crash of 1929, followed by the Great Depression of the '30s. From history we know enough to be wary and not let the good times go to waste.
My apologies though to headline writers everywhere but there is very little chance, however, of a repeat of the ‘Roaring Twenties’, neither in terms of the positive nor the negative sides of that decade.
As we enter 2021, we must not hold such a narrow view, to even attempt to use the example of the 1920s in today’s context. It is far too American-centric an experience to be summoned anyway. It does a disservice to the globalised and interconnected world we live in.
If we revisit the world of the 1920s, we find that they were not quite so fun years for the Germans of the Weimar Republic, with its hyperinflation and politically extreme landscape that spawned the Nazis and Adolf Hitler. Nor were they particularly celebratory times for the populations of what are now India, Pakistan and Bangladesh, as they struggled under the yolk of the British Empire. Colonialism was a significant feature of the world map 100 years ago. The Arabs of the 1920s were grappling with a fledgling and imperfect independence, while still under the influence of foreign nations.
While things are still far from ideal in the Middle East, it is unlikely that invoking the ‘Roaring Twenties' will inspire people living in this region today. Our attitudes to fairness have evolved too. In 2021, there will be little tolerance to look past the vast inequalities of the 1920s. The experiences of even just the past decade have been raw, given the damage wrought by a widening wealth gap, accelerated by the increasing presence of technology in our homes and our workplaces. Diversity is also far more important than it was 10 years ago, let alone 100 years ago. We will only think of the ‘Roaring Twenties’ and see racism everywhere.
The language and messaging we use is critical, as we look ahead to what could be a far happier period for the world after the disaster of Covid-19
That is not to say that I do not sympathise with the sentiment behind those forecasting a sharp upward trajectory for the world – 2020 has been incredibly challenging thanks to the coronavirus and it is natural to want to look ahead with optimism. We should, however, resist overly-simplistic attempts to generate that much-needed excitement.
If the global public health crisis this year has taught us anything, it is that very few nations or cultures can realistically consider themselves apart, or disconnected from the rest of the world. The universal experience of 2020 – a grim one, no doubt – proves that the links between countries are both our strength and our weakness. The latter was illustrated by how quickly the virus spread and the former by how we are increasingly working together to find a resolution.
Vaccine development, distribution and logistics, for example, are proving to be co-operative endeavours, as a matter of necessity. That is refreshing and potentially the start of rebuilding much-eroded common ground. It is a fragile time for this early rapprochement after so much divisiveness and confrontation in recent years.
That is why the language and messaging we use is critical, as we look ahead to what could be a far happier period for the world after the disaster of Covid-19. We should be ever mindful of what may divide and what can unite. Whatever the label future generations end up using to describe the next decade, it will be a reflection of how we behave now and not how people behaved a century ago.
Let us then draw a line under the discussion of the ‘Roaring Twenties’. It may deprive us of a catchy headline or two but ultimately it will focus our perspectives for the better times hopefully to come.
Mustafa Alrawi is an assistant editor-in-chief at The National
Mohammed bin Zayed Majlis
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Auron Mein Kahan Dum Tha
Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar
Director: Neeraj Pandey
Rating: 2.5/5
How to help
Call the hotline on 0502955999 or send "thenational" to the following numbers:
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World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
Super Bowl LIII schedule
What Super Bowl LIII
Who is playing New England Patriots v Los Angeles Rams
Where Mercedes-Benz Stadium in Atlanta, United States
When Sunday (start time is 3.30am on Monday UAE time)
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LAST 16
SEEDS
Liverpool, Manchester City, Barcelona, Paris St-Germain, Bayern Munich, RB Leipzig, Valencia, Juventus
PLUS
Real Madrid, Tottenham, Atalanta, Atletico Madrid, Napoli, Borussia Dortmund, Lyon, Chelsea
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Tips to avoid getting scammed
1) Beware of cheques presented late on Thursday
2) Visit an RTA centre to change registration only after receiving payment
3) Be aware of people asking to test drive the car alone
4) Try not to close the sale at night
5) Don't be rushed into a sale
6) Call 901 if you see any suspicious behaviour
Sholto Byrnes on Myanmar politics
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Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
The specs: 2018 Harley-Davidson Fat Boy
Price, base / as tested Dh97,600
Engine 1,745cc Milwaukee-Eight v-twin engine
Transmission Six-speed gearbox
Power 78hp @ 5,250rpm
Torque 145Nm @ 3,000rpm
Fuel economy, combined 5.0L / 100km (estimate)
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The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km
SPEC SHEET
Display: 10.9" Liquid Retina IPS, 2360 x 1640, 264ppi, wide colour, True Tone, Apple Pencil support
Chip: Apple M1, 8-core CPU, 8-core GPU, 16-core Neural Engine
Memory: 64/256GB storage; 8GB RAM
Main camera: 12MP wide, f/1.8, Smart HDR
Video: 4K @ 25/25/30/60fps, full HD @ 25/30/60fps, slo-mo @ 120/240fps
Front camera: 12MP ultra-wide, f/2.4, Smart HDR, Centre Stage; full HD @ 25/30/60fps
Audio: Stereo speakers
Biometrics: Touch ID
I/O: USB-C, smart connector (for folio/keyboard)
Battery: Up to 10 hours on Wi-Fi; up to 9 hours on cellular
Finish: Space grey, starlight, pink, purple, blue
Price: Wi-Fi – Dh2,499 (64GB) / Dh3,099 (256GB); cellular – Dh3,099 (64GB) / Dh3,699 (256GB)
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Rafael Nadal's record at the MWTC
2009 Finalist
2010 Champion
Jan 2011 Champion
Dec 2011 Semi-finalist
Dec 2012 Did not play
Dec 2013 Semi-finalist
2015 Semi-finalist
Jan 2016 Champion
Dec 2016 Champion
2017 Did not play
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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The specs
Engine: 2.0-litre 4-cyl turbo
Power: 247hp at 6,500rpm
Torque: 370Nm from 1,500-3,500rpm
Transmission: 10-speed auto
Fuel consumption: 7.8L/100km
Price: from Dh94,900
On sale: now
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