The initial shock of the pandemic has subsided and major support packages for households, businesses and financial markets have been released by monetary policymakers and governments. In episode 11 of Delta, Andrew Jackson, Head of Fixed Income at the international business of Federated Hermes, speaks with colleagues about the recovery scenarios currently under debate:
“There is stimulus, which will replace earnings and income in the short run, but the economic activity that should have been taking place won’t be there,” Murray says. “We need an answer from the medical community about a treatment, which will determine the trajectory of the economy probably more than monetary or fiscal policy.”
What is the shape of the recovery lying ahead? Explore the scenarios: tune in to Delta.
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In each episode of Delta, Andrew and his guests answer a front-of-mind question from listeners in a regular feature, ‘All options on the table’. Enter yours below.