Video: World Recovery from Pandemic
About the author:
- Author name:
- By Michael Knox
- Job title:
- Chief Economist and Director of Strategy
- Date posted:
- 27 August 2020, 10:50 AM
It took enormous work by both Central Banks and Governments to stop the Pandemic turning into an extended financial crisis.
"As we recover from this, we should be aware of that more rapid recovery is only because of the enormous amount of work that has been done by central banks to put liquidity back in markets into bank debt and corporate debt. What otherwise could have turned into a financial crisis, is merely just an international disaster. We are going to come out of this; we are coming out of this perhaps much more rapidly than is expected."
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