IATA's Pearce cautious on recovery

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"Governments should be careful how quickly they take the punch bowl away from the party," warned IATA Chief Economist Brian Pearce when discussing the dilemma facing governments withdrawing stimulus packages. Responding to a question from ATWOnline at IATA's 66th AGM in Berlinon the significant gap between soaring business confidence and stagnating consumer confidence, Pearce conceded that business confidence, and thus the rebound in premium air travel, has been fed by government stimulus programs and not consumer demand.

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