Statistical techniques are an integral part of economic analysis. An interesting acknowledgement of this is the good share of “method awards” in award of the Nobel Prize for Economic Sciences.
This support could also just prolong the typical lag between the recession and the rise in NPLs rather than prevent NPL formation. There are already some early signs of weakening credit quality, for example the share of loans reported as subject to heightened credit risk has risen significantly and asset quality is likely to deteriorate once support measures are phased out.