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There’s a tough economic road ahead

It’ll take more than tinkering to get us out of our current sorry state

By Diane Coyle  

With coronavirus throwing inequalities into stark relief, political leaders must show ambition © © MIKE ROBINSON/ALAMY STOCK PHOTO

In his sombre reflections from exile, The World of Yesterday, Stefan Zweig pointed out how difficult most people find it to appreciate that some events are so cataclysmic there is no going back to life as it was before. The hope is that things will return to normal, that necessary adjustments will be incremental. This was not the case after either world war. Nor, after a global pandemic killing over two million people and the worst recession for decades, if not centuries, does it seem likely that tweaks will be enough today. But although radical changes are needed, and…

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