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Governments must show imagination to stimulate world economy hit by Covid-19

Joseph Stiglitz


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Senator Rick Scott (R-FL). Photo: REUTERS/Tom Brenner

Senator Rick Scott (R-FL). Photo: REUTERS/Tom Brenner

Senator Rick Scott (R-FL). Photo: REUTERS/Tom Brenner

Governments around the world are responding forcefully to the Covid-19 crisis with a combined fiscal and monetary response that has already reached 10pc of global GDP.

Yet according to the latest global assessment from the United Nations Department of Economic and Social Affairs, these stimulus measures may not boost consumption and investment by as much as policymakers are hoping.


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