Then challenges sourcing parts started affecting exports, investment and inventories. What had begun as a narrow set of supply constraints, largely centred on vehicles, started to grow and come together into a generalized supply shock that interacted in myriad ways with robust demand for goods.
If decision-makers can ensure that all countries emerge from the crisis stronger, with more modern and dynamic economies, the recovery will be stronger and more sustainable. This would reduce the burden on monetary policy and the need for further easing of the policy stance. 2/2  BIS central bankers' speeches