Speech

Economic Fragility: Implications for Recovery from the Pandemic


Abstract: Clearly a deadly pandemic was bound to badly impact the economy. However, I am sorry to say that the slow build-up of risk in the low-interest-rate environment that preceded the current recession likely will make the economic recovery from the pandemic more difficult.

Keywords: financial stability; risks; commercial real estate; economic recovery; COVID-19; public health; pandemic;

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File(s): File format is application/pdf https://www.bostonfed.org/-/media/Documents/Speeches/PDF/20201008-text.pdf
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Provider: Federal Reserve Bank of Boston

Part of Series: Speech

Publication Date: 2020-10-08