I generally agree with your sentiment. Resuming economic activity after shut downs (and the habits the shut downs changed) is taking time. There is no obvious

I generally agree with your sentiment. Resuming economic activity after shut downs (and the habits the shut downs changed) is taking time. There is no obvious natural experiment to tease out how much is caused by CB interest rates and how much is fiscal policy. Most of the countries that did one also did the other. Also, data points on these issues are gathered monthly (if that often), so current analysis will miss a lot in the “fog of war” until there is more data to analyze.