BFM 89.9

Podcast  >  Morning Run  >  Morning Brief  >  More Stimulus Than the GFC but Is It Enough?

More Stimulus Than the GFC but Is It Enough?

Marina Stefani, Director, Fitch Ratings' Economics Team

12-Jun-20 07:30

More Stimulus Than the GFC but Is It Enough?

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?

Produced by: Wong Shou Ning, Dayana Mustak

Presented by: Roshan Kanesan, Noelle Lim, Khoo Hsu Chuang


Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  Penjanastimulus packageUKUSAustraliaGDPMonetary PolicyFiscal PolicyFitch RatingGovernment/Regulatory/Policy MakingEconomy, MarketsPolitics, News, Current AffairsPoliticsLaw and Legal MattersBusiness AnalysisTrends and ForecastsMarketsSocial IssuesInvestments


Business
Money

Share this podcast




Play / Pause

Listen now : By The Book

Today’s Shows



6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

7:15 AM

Morning Brief

8:00 AM

The Breakfast Grille

Dr Goh Kar Chun, Group Managing Director, MCE Holdings

8:30 AM

Morning Brief

9:00 AM

Opening Bell

9:35 AM

BBC World Service

10:05 AM

Open For Business

Vincent Sin founder and CEO of the SipJoy App

11:05 AM

Resource Centre

VC & Startup Investing Misconceptions

12:00 PM

Enterprise Biz Bytes

1:00 PM

The Breakfast Grille Repeat

Dr Goh Kar Chun, Group Managing Director, MCE Holdings

2:05 PM

Live and Learn

The Digital Gender Gap (And Why It Matters in Health)

3:05 PM

Today I Learned

What’s Up With China: Chinese Socialism & Capitalism

4:05 PM

Health & Living

Health & Living Live 2022 Panel 1: Brain Fog and COVID Cough - Managing Long COVID

5:00 PM

The Evening Edition

5:35 PM

Today On Twitter

6:05 PM

Inside Story

7:05 PM

The Evening Edition

7:35 PM

Popcorn Culture

8:05 PM

By The Book

9:00 PM

Bar None