Home NEWS-WORLDNEWS-CNN-WORLD The bill for saving the world economy is $7 trillion and rising

The bill for saving the world economy is $7 trillion and rising

by staff
The bill for saving the world economy is $7 trillion and rising


The response to the coronavirus pandemic has been unprecedented in terms of speed and scale. Commitments from governments and central banks to date are close to $7 trillion, according to an analysis by CNN Business. The total includes government spending, loan guarantees and tax breaks, as well as money printing by central banks to buy assets such as bonds and stock funds.
The figure includes the $2 trillion US relief package working its way through Congress and an anticipated 30 trillion yen ($274 billion) in stimulus from Japan that could be approved next month. In Europe, CNN Business tallied stimulus efforts by the biggest economies: Germany, France, the United Kingdom, Italy and…



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