Christian Schoder News Today

As the world battles multiple crises, effective macro-fiscal policy is paramount—and not only to alleviate short-term crises. A medium-to-long-term strategy that addresses fiscal and economic vulnerabilities while fostering sustainable growth is needed. What principles should policymakers follow to formulate forward-looking fiscal policy?

More than a year since the beginning of the COVID-19 pandemic, the global economy is recovering from a deep economic crisis that significantly shrank global GDP, disrupted global supply chains, and plunged 100 million people into extreme poverty worldwide.