Stimulus surge takes the sting out of COVID-19
Moody’s, the ratings agency, made the point recently that COVID-19 is driving business activity in America. How so? Are there risks and what about South Africa? Are there lessons to be learned? Here is a startling statistic. The M2 measure of the money supply in the US expanded by 48% in the second quarter on an annualised basis. In “Stimulus surge takes the sting out of COVID-19” Ingham Analytics ask, could there be in fact a sting in the tail?
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