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More Stimulus Than the GFC but Is It Enough?
10 mins·07:30, 12 Jun 2020
More Stimulus Than the GFC but Is It Enough?
10 mins
·
07:30, 12 Jun 2020
·
Recommended
8 mins
1 hr 22 mins
41 mins
According to Fitch Ratings, aggregate direct fiscal stimulus measures for the “Fitch 20” countries, such as the US, UK and Australia, have totalled over $5 trillion, which is 7% of those countries’ 2019 GDP. This outweighs the scale after the global financial crisis, when the advanced economies undertook a fiscal easing of only 3% to 4% of GDP.
That said, is the global response enough to ward off the much feared global recession which some have said could be worse than the Great Depression of the 1930s?
Presenter: Roshan Kanesan, Noelle Lim, Khoo Hsu Chuang
Producer: Wong Shou Ning, Dayana Mustak
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