Quality Prevails – Reflections on February Reporting Season
The global stimulus packages distributed during 2020 were a lifeline for many countries, businesses and individuals. Many of these packages have continued into 2021 and are only just now rolling off. Few appreciated the impact these handouts would have. They were released at a time of panic and the size of the stimulus was unprecedented. The initial results were positive, however the secondary effects of flooding the world economy with cash have been extraordinary. Global central banks wanted inflation and inflation they got! The trouble is, we are all now paying for it through production capacity challenges, price rises and a significant wait time due to a global supply chain bursting at the seams.