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May 2020

Managing the economy in a time of crises

The outbreak of the Coronavirus pandemic in early 2020 has brought about unprecedented stresses to the global economy. The unrelenting speed at which the virus spread resulted in unanticipated strains on global health care systems. Economic activity was hardly hit as lockdowns started being imposed in various countries to limit the spread. The Governments around the world responded to the global pandemic by loosening monetary policy while providing fiscal stimulus ... [+]