Governments around the world have dedicated more than $8 trillion to fight the pandemic, eclipsing stimulus provided during the global financial crisis. Despite this, it’s clear that these measures are far from sufficient as a growing number of businesses buckle under lockdown. How far do governments and central banks need to go in order to mitigate the growing socio-economic impacts of this pandemic? What will be the implications of our deepening national deficits, how are we going to pay for it all and who will shoulder the biggest burden in society?
