Fiscal policy is playing a leading role in managing the economic fallout from the crisis, as it can provide direct ﬁnancial support to the affected enterprises and workers. In this context, the high level of uncertainty and fast-moving infection rates mean that both the containment measures and the assistance measures need to be adjusted time and again.
But after the pandemic, it will be vital for government to roll back its inﬂuence over the economy and allow private drivers of growth to take hold once again.