The International Monetary Fund (IMF) just revealed that the fiscal measures against COVID-19, put in place in G20 economies exceed $9 trillion. Moreover, the amount is likely to increase moving forward, as challenges posed by the virus outbreak have deep implications to global economic growth.
Governments went beyond extremes with the fiscal firepower, providing access to loans, equity, and other guarantees to help businesses and populations cope with the coronavirus challenges.
While the total amount…
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