Macro Analysis / Global

Comparing fiscal responses during the coronavirus pandemic and global recession

  • As countries begin to ease their lockdown restrictions, investor attention will focus on economic recovery
  • The global monetary response has been fairly uniform, but the fiscal response has been more uneven
  • For frontiers and smaller EMs, it has averaged 2.7% of GDP, compared with 5% for bigger EM and over 20% in the G7
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