US President Joe Biden signs a series of executive orders in the Oval Office of the White House in Washington on January 28. Photo: AP US President Joe Biden signs a series of executive orders in the Oval Office of the White House in Washington on January 28. Photo: AP
US President Joe Biden signs a series of executive orders in the Oval Office of the White House in Washington on January 28. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Coronavirus recovery: time to be bold, rather than worry about size of fiscal stimulus

  • While a sharper rise in inflation could happen, it is of secondary importance and easier to manage than dealing with the consequences of another weak recovery
  • If there was ever a time for ‘shock and awe’ fiscal stimulus, it is now, especially given the prospect of interest rates staying ultra low

US President Joe Biden signs a series of executive orders in the Oval Office of the White House in Washington on January 28. Photo: AP US President Joe Biden signs a series of executive orders in the Oval Office of the White House in Washington on January 28. Photo: AP
US President Joe Biden signs a series of executive orders in the Oval Office of the White House in Washington on January 28. Photo: AP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.