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Business cannot simply awake from this coma and carry on

Rich countries supported their small and medium-sized enterprises with grants or wage subsidies, and their large companies with cheap loans. While expensive, the logic went, it would only be for a short while.

This view may be overly optimistic. Business reopening looks likely to be long drawn out

Raghuram Rajan FT 11 May 2020

Raghuram Rajan, one of the few economists to see the financial crisis coming, wins the Financial Times and Goldman Sachs Business Book of the Year award

FT 28/10/2010

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