The International Monetary Fund (IMF) warned Monday, the coronavirus crisis is not yet over, urging economies to keep offering fiscal support to enabling a healthy recovery, per Reuters.
“Support must be maintained throughout the crisis. A premature withdrawal of support would represent further damage to livelihoods and increase the likelihood of widespread bankruptcies, which, in turn, could hamper recovery.”
“In such a scenario, the scars of the crisis would probably become much deeper.”
“In economies with restricted spending capacity, further prioritization of spending may be necessary to protect the most vulnerable.”