Why infrastructure is the only way to fight a COVID-19 recession in the US

  • Author: Shai Kivity
  • Source: World Economic Forum
  • Date: 03/27/2020

"In fighting the COVID-19 crisis, the Federal Reserve has used all of its monetary tools. A new recession is underway or, as some may say, it’s already here. When monetary policy isn’t enough, a country must turn towards fiscal policy. Right now, reviving the lagging US infrastructure sector may be the best approach: infrastructure creates economic growth, 5G cellular infrastructure will allow for faster data rates, a better electric grid allows us to drive electric cars and new roads reduce congestion and commute times."

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