Page 7 - Simon Macadam News Today

Global tax still far from becoming reality

As banks and NBFCs explore ways to meet the challenges thrown at them by Covid-19, they cannot afford to take their eyes off the risks that loom ahead

It's tempting to think now that 2020 is over, the economy will soon snap back to normal. But that's still far off: Americans aren't spending as much as they used to. Millions remain unemployed. For an economy that runs on consumer spending, that's a huge issue. The recovery — and the return to public life — hinges on the coronavirus vaccine rollout. It could take much of 2021 for most Americans to get inoculated, however, and that means life won't change for many hou...