IMF - Fiscal Policy for an Unprecedented Crisis

14 October 2020 |

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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