More recent insights into economic growth processes show that the advance of technical progress can be aided by sound, purposive policies. It is now widely accepted that an environment that is favourable to investment and innovation promotes growth. Both economic theory and experience make it clear that such an environment requires two elements - a stable macroeconomic setting and a well-functioning market economy.
The period was extended by three months for the fund-provisioning against loans that financial institutions make on the back of government support ("government-supported loans"). Firms' financing needs arise not only from the impact of COVID-19 but also for various reasons, such as an increase in working capital due, for example, to higher raw material prices.