About this work
The recovery from COVID differed sharply across economies in January 2022. Robin Brooks, Jonathan Fortun and Jonathan Pingle attributed the comparatively complete US rebound largely to aggressive fiscal stimulus, with consumption and investment above their levels at the end of 2019. Their comparison of advanced and emerging economies warned that the euro area appeared headed for a major investment slump, comparable to weaknesses in South Africa and Colombia.
Abstract
The recovery from COVID differed sharply across economies in January 2022. Robin Brooks, Jonathan Fortun and Jonathan Pingle attributed the comparatively complete US rebound largely to aggressive fiscal stimulus, with consumption and investment above their levels at the end of 2019. Their comparison of advanced and emerging economies warned that the euro area appeared headed for a major investment slump, comparable to weaknesses in South Africa and Colombia.
Cite this work
Robin Brooks, Jonathan Fortun, Jonathan Pingle (2022). Global Macro Views: The Global COVID Recovery. Institute of International Finance.