4  BIS central bankers’ speeches  On this point, looking at the recent developments in fixed investment and wages in relation to corporate profits, it is true that these give the impression that the paces of increase in fixed investment and wages were still relatively slow when considering that firms have been making record profits (Chart 8).
The second wave •  The events of the past weeks, however, show that the virus remains among us, and that in spite of all efforts, a second wave has not been – and potential subsequent waves may not be – avoided. This second wave is hitting economies that have not yet fully recovered from the earlier blow.