The recession of 2020 was a recession like no other. But it is not the tumbling of historical records that makes 2020 unique. Last year’s crisis was remarkable because households and businesses were protected from its blows. The government stood in the way, acting as a giant shock absorber. The economic impact of the pandemic has been horribly uneven, entrenching inequalities and making winners of some businesses and losers of others, but for companies and households in aggregate it is hard to

Source: The Times February 12, 2021 12:08 UTC