One year after the outbreak of the COVID‑19 crisis, the future looks certainly brighter but it is not yet time to withdraw policy support for people and companies. Even if the headline labour market figures in many countries look better than in Q2 2020, millions of workers are still on job...

The slowdown of economic activity caused by the COVID-19 outbreak and related emergency measures implemented to tackle the health crisis have led to severe difficulties for companies to meet their financial obligations. Many of the fixed costs, such as rents and interest payments, remain due...

The economic consequences of the COVID-19 pandemic call for urgent policy responses to support households and firms alike, but how this support is designed will be critical in ensuring that it does not result in enduring global market distortions. Support packages that are time-limited,...