Pedestrians walk along Briggate in Leeds, UK, on February 17. As governments begin to withdraw their policy support as Covid-19 case numbers fall, there’s a danger businesses kept afloat by government largesse will not survive. Photo: Bloomberg
Opinion
Opinion
The View
Why central banks must handle the shift to a post-coronavirus pandemic normal with extreme care
- Advanced economies must at some point begin to wind down their massive monetary and fiscal policy support to sustain recovery
- Yet market corrections, business failures and economic contagion arising from a shadow banking or debt crisis could all torpedo the fragile recovery
Pedestrians walk along Briggate in Leeds, UK, on February 17. As governments begin to withdraw their policy support as Covid-19 case numbers fall, there’s a danger businesses kept afloat by government largesse will not survive. Photo: Bloomberg
