fiscal easing

Covid-19’s Global Impact: Fiscal Action – Go Big, Go Now

Pernille Henneberg & Catherine L Mann (Citi GPS) | How much fiscal easing is going to be needed to offset the upcoming losses to GDP from COVID-19? Our advice is for governments to go big, because it is going to be worse than you think and go now, because later may be too late. In theory, and as illustrated above, if immediate fiscal action stems the deteriorating conditions now, then a large fiscal effort should not be needed.