Europe's COVID Crossroads
Beyond the immediate threat to public health, the coronavirus has also pushed most European economies onto a slower growth track, all but ensuring a more difficult recovery over the long term. To prevent the worst, EU policymakers must address the looming shortfall in public and private investment.
WASHINGTON, DC/GENEVA – Central banks have learned a lot from previous crises and are now acting on those lessons. But economic policymakers at all levels must avoid the age-old trap of fighting the last war.