Total stimulus for the COVID-19 crisis already triple that for the entire 2008–09 recession

Governments allocated $10 trillion for economic stimulus in just two months—and for some countries, their response as a percentage of GDP was nearly ten times what it was in the financial crisis of 2008–09.

Across countries, economic-stimulus responses to the COVID-19 crisis outsize those to the 2008 financial crisis.

To read the article, see “The $10 trillion rescue: How governments can deliver impact,” June 5, 2020.