History·9 February 2026·4 min read
The COVID crisis — the economy switched off
In 2020, the world hit "pause" on the economy. Governments responded by printing money on an unprecedented scale.
The 2020 pandemic abruptly halted much of the world economy. To avoid collapse, governments and central banks pumped in huge sums of money — aid, furlough schemes, guaranteed loans.
Cheap money and its price
The massive printing saved the economy in the moment, but contributed to the wave of inflation after 2021. Once again, the same law: when a lot of money appears suddenly, sooner or later inflation appears too.
