As shown in the right-hand panel, the difference in the recoveries following COVID-19 and the GFC was even more pronounced in the United States. Research and history teach us a lot about the forces that made many previous recoveries so slow.
Peter Praet: Interview in Handelsblatt Interview with Mr Peter Praet, Member of the Executive Board of the European Central Bank, in Handelsblatt, conducted by Mr Rolf Benders, Ms Dorit Heß and Mr Jens Münchrath on 8 July 2013, published on 12 July 2013.