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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. 

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