Fiscal policy for an unprecedented crisis. 14/10/2020
Gaspar, Vitor ; Medas, Paulo ; Ralyea, John ; Ture, Elif
IMF - Washington, DC
2020
epidemic disease ; fiscal policy ; economic recession ; public debt
Public finance and taxation
https://blogs.imf.org/2020/10/14/fiscal-policy-for-an-unprecedented-crisis/
English
"The COVID-19 crisis has devastated people's lives, jobs, and businesses. Governments have taken forceful measures to cushion the blow, totaling a staggering $12 trillion globally. These lifelines have saved lives and livelihoods. But they are costly and, together with sharp falls in tax revenues owing to the recession, they have pushed global public debt to an all-time high of close to 100 percent of GDP..."
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