Underlying conditions for the recovery of private demand such as business fixed investment and household consumption have also continued to improve. Nevertheless, we still need to carefully monitor the effects of such improvement on the spending behavior of households and firms, particularly since the economy is faced with various structural problems.
Return to text 2  See Katherine Lim and Mike Zabek (2021), "Women's Labor Force Exits during COVID-19: Differences by Motherhood, Race, and Ethnicity," Finance and Economics Discussion Series 2021-067 (Washington: Board of Governors of the Federal Reserve System, October). Return to text  2/2  BIS central bankers' speeches