Fitch: global fiscal stimulus on unprecedented levels

By: Trademagazin editor Date: 2020. 06. 04. 11:06

Budgetary stimulus programs to mitigate the effects of the coronavirus pandemic on the world economy are on an unprecedented scale in modern economic history, and their value already far exceeds the stimulus measures taken during the global financial crisis, according to a comprehensive study by Fitch Ratings in London.

The international credit rating agency said that the value of direct fiscal stimulus expenditures announced so far in the twenty largest centers of the world economy has reached 5 trillion USD.
According to Fitch’s calculation methodology, this is 7.1 percent of last year’s full-year global gross domestic product (GDP). (MTI, Kertész Róbert)