Stimulus seen as global tonic
The United States’ massive stimulus spending in response to the coronavirus pandemic is forecast to lift economies around the globe, though in some regions more than others.
Global economic growth is expected to rise by 1.1 percentage points to 5.6 percent as a result of the relief aid－packaged in a $1.9 trillion bill signed by US President Joe Biden on Thursday, according to an analysis from the Organization for Economic Cooperation and Development, or OECD.
“This will not only boost the US economy, but it will fuel global growth through increased demand in the US and from the US to the rest of the world,” OECD Chief Economist Laurence Boone said of the stimulus at a presentation in Paris.
The United States' massive stimulus spending in response to the coronavirus pandemic is forecast to lift economies around the globe, though in some regions more than others.
Stimulus seen as global tonic chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Stimulus seen as global tonic chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Stimulus seen as global tonic chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.