Contagion refers to the spread of financial or economic issues from one sector or market to another. It may be compared to a virus, with similar characteristics
It is time to stop viewing crises as exceptional events and admit how frequently shocks actually occur. The task of forecasters and policymakers is not to predict the next catastrophe but to sharpen their focus on resilience – what it takes to stay the course with politically mandated policies while minimising inevitable dislocations.
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