Of course, the risk inherent in this kind of policy response is that the increased fiscal commitments persist beyond the time they are required. This is a major issue of debate globally.
Some countries have attempted to exit from crisis-induced fiscal commitments while private demand is still soft, while others have made more lasting commitments, which, on the back of resilient private demand, have contributed to rising inflationary pressures. Be that as it may, it is important to recognize the fact that fiscal space and the willingness to use it was an important reason for resilience.