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
This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a res...