During recessions, fiscal impulses have to lead the way. The government/public sector must increase spending in order to offset the loss in spending from the private sector.

In a recession, I’d say, "Think lean, act bold." We focus on impact over indulgence, like tightening a camera lens until only the essentials remain in view. Every dollar spent should have a multiplier effect, so we prioritize ideas that drive value without adding weight. It’s about balancing agility with purpose, investing in what moves the needle and cutting what doesn’t, even if it means a few sacred cows get reevaluated.

Em uma recessão, priorize medidas econômicas focadas em estimular a demanda e proteger empregos. Primeiro, identifique setores críticos que necessitam de apoio imediato. Em seguida, implemente políticas de estímulo fiscal, como redução de impostos e aumento de investimentos públicos. Aumentar o acesso ao crédito para empresas, especialmente pequenas e médias, também é crucial. Monitorar constantemente os resultados permite ajustar as políticas conforme necessário, garantindo eficácia e sustentabilidade.

In my view, addressing a recession effectively requires cost-efficient policies that prioritize stimulating demand, supporting business liquidity, and creating jobs, especially through infrastructure projects. It's essential to continually assess and reallocate resources to ensure that funds back the most impactful programs, achieving a balance between immediate relief and sustainable growth. In emerging markets like Brazil, Argentina, and Russia, economic recessions have been frequent over the past 50 years, underscoring the importance of resilient and adaptable economic policies.

So in my view effective economic policy leverages targeted tools to foster resilience and recovery. Strategic fiscal stimulus, through government investment in public infrastructure, drives job creation and stimulates aggregate demand. Expanding unemployment benefits and social safety nets supports consumer spending, ensuring stability by directly assisting those most affected. Monetary easing—via lowered interest rates or quantitative easing—facilitates borrowing and investment, allowing businesses to maintain operations.