The implications of a new fiscal era

The downturn we are currently experiencing is far more severe than what is typically seen during a cyclical recession. The scale of the downturn in activity is so dramatic that it is putting productive, efficient and fully utilised capacity at risk of being ‘written off’ from both labour and capital markets. Governments have recognised this economic reality and have expanded their fiscal programmes accordingly.

At Cardano, we’ve been considering the multiple economic dilemmas presented by the onset of a new fiscal era, and the range of potential implications for investors.

Download our latest report to read about:

• Scope of fiscal tools
• Immediate implications
• Endless borrowing?
• Growing out of debt
• The impact on the investment landscape