It has been a tough 2020 and it seems that with the new year, 2021, there is still a lot to do before we can go back to ‘normality’. Governments around the world have spent enormous amounts of money during the Covid-19 crisis, reaching a total sum of $11.7 trillion. According to McKinsey, this pandemic has been a “real-life stress test for the financial infrastructure in many countries” and in fact has taught everyone a great lesson regarding “how to enhance efficiency and resilience for the future” (McKinsey, 2021). - Peter M. & Lena B.
