The Great Reallocation (Project-Syndicate)

Economic growth will eventually return. But its engines will not be the same as before the pandemic. The sooner policymakers recognize this and develop targeted economic-support strategies – which must include a heavy dose of structural reform – the faster, stronger, and more resilient the recovery will be.

Agustín Carstens, a former governor of the Bank of Mexico, is General Manager of the Bank for International Settlements.

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