Fiscal bill for Covid-19 measures hits $9tr, says IMF

By Phil Thornton
21 May 2020

The amount of money that governments around the world have pumped into their economies to help businesses and households hit by the coronavirus pandemic has soared by more than $1tr in the last month alone, writes Phil Thornton.

The International Monetary Fund (IMF) said that economies have set up emergency lifelines worth $9tr since the outbreak of the virus compared with $8tr at the time of its April Fiscal Outlook.

This is broken down into $4.4tr of direct budget support and public sector loans and another ...

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