Global Fiscal Stimuli Reach $8.5 Trillion (9.8% Of World GDP In 2019)
Singular Bank | According to the International Monetary Fund (IMF), governments have so far adopted expansionary fiscal policy measures worth $8.5 trillion (9.8% of world GDP in 2019). These are aimed at addressing the socio-economic consequences of the Covid-19 crisis, in a context of global recession.