Economic recovery hinges on when – and if – we find a vaccine | Torsten Bell

Financial agility and adaptability will be essential if we are to weather the coronavirus crisis

Why is this crisis so hard for economic policymakers? Because it is huge, but also hugely uncertain.

We are used to economic factors causing recessions - weak bank deregulation for the financial crisis or the exchange rate mechanism for Black Wednesday. Both were bad recessions, but their paths were clearer once we'd tackled the underlying economic causes by nationalising banks or leaving the ERM.