The Pandemic Response, Act II
As the pandemic recedes in Europe, the public and policymakers alike are increasingly focusing on the pace and strength of economic recovery from the crisis. What should governments do to minimize the lasting damage?
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PARIS – Twelve years ago, governments in the world’s major economies responded swiftly and effectively to the financial crisis. Teetering banks were nationalized. Monetary policy went into overdrive. Massive fiscal support was provided. Global coordination was intense.