2021: an injection of economic hope
Experts believe that 2021 will be the year that the world will leave behind the covid-19 nightmare, thanks to vaccination and fiscal and monetary incentives.
Regarding public aid, if only a decade ago, politicians (and many economists) were reluctant to turn on the fiscal tap and were quick to ask for the belt to be tightened, now the attitude is totally different. With the memory still fresh of austerity, which deepened the recession after the financial crisis, since the beginning of the pandemic, Governments not only promote fiscal spending in a general way to contain the effects of the crisis, but they do so in a more coordinated way with the central banks. Proof of this is that the public debt of developed countries will increase by 20 percentage points, until it represents, on average, 125% of GDP at the end of 2021, according to the IMF - and no one has declared the end of the world.
For more information go to: https://brasil.elpais.com/economia/2020-12-27/2021-uma-injecao-de-esperanca-economica.html