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Importantly, there is no evidence of suppressed private sector demand.
Private sector demand contracts sharply and recovers slowly after such crises.
Private sector demand remains fragile and access to finance continues to be constrained.
wrote, it appears that forecast supply could "fall short of even anemic private sector demand".
There is no plausible story that private sector demand will expand to fill the gap.
"With hugely improved management and growing sector demand, we think, over all, the progress is positive indeed," he said.
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(The balance came from public-sector demand).
When private-sector demand falls, government picks up the slack.
This would translate into stronger private-sector demand and more jobs.
We study how government green procurement policies influence private-sector demand for similar products.
Already, several countries are talking about a co-ordinated fiscal stimulus to help offset a collapse of private-sector demand.
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