In that case, a stronger recovery could be expected, particularly in light of the very large monetary and fiscal support that is in place. On the other hand, if the restrictions stay in place longer, or they have to be reimposed, the recovery will be delayed and interrupted. In that case, the loss of incomes and jobs would be even more pronounced.
*  *  *  Summary The Governor of the Bank of Israel: •  Accommodative monetary policy helped the economy to deal with a moderate global environment. The reduction of the deficit as well as several other factors supported the continued decline in the share of public debt in GDP, the opposite of its trend in most advanced economies.