“Take a thought for the morrow” (Matthew 6:34)

This article was published as an OMFIF Commentary on 23 March. It expresses concern that the recession sparked by the pandemic might turn into something deeper and more long lasting.¬† While recognizing the associated need for policy to lean urgently against the current slowdown, to support a “V” shaped recovery, White notes that some ways of doing so are more effective than others. Policy choices should also “take a thought for the morrow” so as to avoid unintended longer term consequences.