This will likely change to solvency and corporate viability problems, and then to resource re-allocation in response to structural changes in the economy. At the same time, policymakers face the additional challenges of the economic inequality that has become even more apparent during this health crisis, and the response to increasing worldwide concerns over climate change.
The first group, including the United Kingdom (Chart 2.1), Spain (Chart 2.2), and Ireland (Chart 2.3), had a similar experience to that of the United States and Japan. The second group, including Germany (Chart 3.1) and France (Chart 3.2), tells a different story: their working population ratio, property prices, and real loans peaked at different times.