Foreward: Picking up the pieces

Jagjit Chadha

National Institute Global Economic Outlook, 2022, issue 5, 3

Abstract: The two-year interruption to the normal pattern of world economic growth may be coming to an end this Spring as we seemed to have shrugged the latest variant of Covid-19. The stimulus from monetary and fiscal policies that limited the impact of lockdowns on the global economy and stimulated a strong recovery from the sudden stop of the pandemic must be re-oriented. The immediate priority is a need to address burgeoning levels of public debt and substantially negative short term real rates. And each country will face a different set of constraints and feasible set of policy choices.

Date: 2022
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