
The world is presently going through a convergence of health and economic crises that creates a perfect economic storm for which many countries are not prepared at all to handle
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Of course, besides taking the required measures to prevent the virus crisis from spreading and preventing panics, governments must take, on the economic and financial fronts, some fiscal, regulatory and monetary steps to prevent a deflationary downward spiral of economic activity and to stabilize the financial system. They must, above all, prevent human suffering and help workers, families and communities under financial strain..