Economics
Emergency Fiscal Action Debated to Cushion World Virus Shock
- Synchronized budget aid would be reminiscent of G-20 in 2009
- Outbreak threatens weakest world growth since financial crisis
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Governments struggling to contain the global economic fallout from the coronavirus outbreak face mounting calls to unleash a major fiscal stimulus that could help cushion the blow.
While some investors are already betting that the epidemic will warrant the first joint emergency monetary easing since 2008, a gathering throng of analysts is asking if budget aid in countries from China to Germany wouldn’t be more effective.