US stocks are having another dismal day
The coronavirus pandemic has thrown the world into an unprecedented crisis. In many ways, it’s like a war, according to the International Monetary Fund.
And wars need war-time policies.
There are two phases, the IMF’s economists wrote in a blog post: phase one is the war, with the epidemic in full-swing a mitigation measures curtailing economic activity. This could last at least one to two quarters.
Then comes phase two: the post-war recovery.
To ensure a swift and sustainable upswing, the public sector needs to be on top of things.
The success of the pace of recovery will depend crucially on policies undertaken during the crisis,” the economists said. “If policies ensure that workers do not lose their jobs, …continued .
[Original Source: CNN]