Liquidity support for small businesses is the most effective anti-crisis tool, according to ifo

By: Trademagazin editor Date: 2020. 10. 07. 11:10

Liquidity support for small and medium-sized enterprises is the most effective means of repairing the economic damage caused by the pandemic, according to a survey by the ifo economic research institute. The study finds that this year’s 4.4 percent global GDP decline can be offset by 2022 at the earliest.

According to a survey conducted by the ifo economic research institute of the University of Munich and the EconPol Europe research network involving about 950 economic experts from 110 countries, global gross domestic product (GDP) will fall by 4.4 percent this year due to disease control measures. This year’s decline will be followed by a 3.2 percent increase next year. (MTI)