Restoration and Revitalization of the Economy The stress induced by Covid was different from any other stress the world has seen before. The pandemic spread rapidly and affected almost every country in the world.
For financial regulators, it was an out-of-syllabus situation as the economic stress this time was not caused by underlying economic imbalances or financial market failures, but by a public health crisis. This made it a unique shock, as it impacted both the supply and demand sides of the economy, affecting both production and consumption.