They just used the 2008 playbook.
Back in 2008, the US economy was crashing and bringing the world down with it. Global central banks and governments flooded the world with liquidity n stimulus, and the world didn't end and economy recovered.
However, there was a price to be paid. These were slower economic growth for the last decade and bigger wealth disparity between the rich n others. While the economy recovered, the life of the majority hardly improved. This caused growing unease n resentment in the population, resulting in uprisings in some countries, eg the Arab spring or voter revolts such as Trump victory in US, Brexit in UK and PH victory in Malaysia.
Fast forward 2020, Central Bankers and governments did the same thing as 2008, only much bigger and they moved much faster. Results so far are as expected
Meaning, it will continue to suck being poor or being middle class, makan gaji types.
Also can expect more political uncertainties, with more stupid populist policies.
But one thing that people were worried about post 2008, with all the money being pumped, was inflation. That didn't really happen. Maybe this time around, it will be different. Or not.
This is the big picture.
No wonder they called this recovery as the K-shaped recovery...
With I sinar now having no syarat. In the short term, the economy will be saved and we all will get along just fine..