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Archive for the tag “stimulus”

The Global Economic Bailout Is Running At $19.5 Trillion. It Will Go Higher

Governments and central banks have promised to shell out $19.5 trillion since the coronavirus erupted to “put a floor under the world economy,” according to the International Monetary Fund. Some countries need even more help to recover from the crisis, but they might not get it.

Read Here | CNN

The United States Got The Pandemic Economic Response Right

Nearly eight months after it was declared a pandemic, COVID-19 rages on, and there is no global consensus on the right policy mix for addressing the public health crisis. But on how to deal with the economic fallout, the winning strategy is clear: Spend early and spend big. And no major economy has done that better than the United States.

Read Here | Foreign Policy

Can History’s Biggest Stimulus Stave Off A Coronavirus Depression?

Governments, in other words, are spending as if there will be zero economic output between now and sometime this summer…This level of spending has no precedent in history—not even close. Not in war. Not in peacetime. Not ever.

Read Here – Foreign Affairs

Jared Kushner Keeps Proving Nepotism Is A Bad Way To Handle Pandemics

In theory, the sweeping coronavirus rescue package passed by Congress and signed by the president last week was not supposed to benefit Donald Trump or anyone else in his family and their businesses. But according to a Politico analysis of the 880-page, $2 trillion legislation, Jared Kushner’s family business appears poised to capitalise on a provision of the relief bill allowing owners of low-to-moderate income housing to temporarily freeze mortgage payments.

Read Here – Vanity Fair

China Preps New Coronavirus Stimulus Measures, But Some Ask Are They Bold Enough To Work?

China has rolled out new measures to support its economy from the coronavirus pandemic, including an additional central bank credit line of 1 trillion yuan (US$14 billion) to small lenders. The initiatives announced at a cabinet meeting on Tuesday ranged from new bond quotas for local authorities to income support for poor Chinese.

 Read Here – South China Morning Post

Around the World In Coronavirus Stimulus

While the US’s $2 trillion stimulus bill is hogging headlines stateside, governments around the world are rolling out their own sweeping rescue packages in an effort to mitigate the economic consequences of COVID-19 containment efforts.

Read Here – Fisher Investments

Washington Set To Deliver $2.2 Trillion Virus Rescue Bill

With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S. economy and health care system. The House is set to pass the sprawling, $2.2 trillion measure Friday morning after an extraordinary 96-0 Senate vote late Wednesday. President Donald Trump marvelled at the unanimity and is eager to sign the package into law.

Read Here – APNews

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