> This crisis is expected to be severe but short, lowering the risk of propping up inefficient "zombie" firms that should be allowed to fail. That may not be th

> This crisis is expected to be severe but short, lowering the risk of propping up inefficient "zombie" firms that should be allowed to fail. That may not be the case next time around. I can't tell if the author is referring to the ongoing state of the economy here, but this is claimed so nonchalantly. I wonder if this reflects a majority view of those with an economics/finance background. From my point of view it seems we're nowhere near out of the woods yet with COVID-19 and its continuing impact on the economy. How long should a large number of businesses remain closed and a large number of individuals remain unemployed before we're back in a crisis again?