ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Faced with plunging economies, nations plan record stimulus

10% or more of GDP eyed in many countries as US lawmakers clash on details

U.S. President Donald Trump at a coronavirus press briefing on March 21. The country plans one of the largest stimulus packages, but lawmakers are still at odds about the contents.   © Reuters

WASHINGTON/BERLIN -- Major economies across the globe are preparing to unleash massive stimulus programs to combat the fallout from the coronavirus epidemic, with some packages on track to match or exceed 10% of gross domestic product. 

The novel coronavirus has been confirmed to have infected more than 300,000 people worldwide and governments have responded by curtailing a wide range of social activities. Some are warning that the U.S. and European economies could see contractions in the second quarter in excess of 10% on the year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more