How to Spend $12 Trillion
Even before the passage of the latest stimulus bill in the United States, governments around the world have offered almost USD 12 trillion in financial aid to businesses and households affected by Covid-19, equivalent to 12 percent of global GDP. But how well have they delivered that unprecedented amount of assistance to the intended recipients? And what lessons do these efforts hold for the future?
March 19, 2021
How to Spend $12 Trillion
Even before the passage of the latest stimulus bill in the United States, governments around the world have offered almost USD 12 trillion in financial aid to businesses and households affected by Covid-19, equivalent to 12 percent of global GDP. But how well have they delivered that unprecedented amount of assistance to the intended recipients? And what lessons do these efforts hold for the future?
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