The manufacturing sector has recovered since the September quarter, but the services sector is still in contraction.
Will the suspension of new bankruptcy proceedings against defaulting firms be extended beyond 24 December, at least for MSMEs and the services sector, considering that the law allows another three months of suspension?Market problems are generally polycentric and are often not amenable to a black and white resolution.
Even after having complete data and information, the policy choice ex-ante (before the event) is not clear and, therefore, the choices made may prove wrong afterwards.
That is why market-related laws evolve continuously through experimentation and market participants continuously learn and realign their.