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Hopes and fears for the global COVID-19 recovery

As economies exit the pandemic, the job of central banks is relatively simple — less generous, better targeted assistance

©The Financial Times Limited 2020 Oct 14, 2021 / 01:40 PM IST
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Hopes and fears for the global COVID-19 recovery

Martin Wolf The recovery from the shock of COVID-19 was quicker and stronger than anybody expected a year-and-a-half ago. This we owe to a big scientific and organisational achievement: the development and mass production of effective vaccines. A depressingly large proportion of humanity is suspicious of this modern miracle. Yet this success and the recovery it has brought with it are not unalloyed joys: they bring new anxieties and challenges. That is the best way to read the latest and...

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