Faced with plunging economies, nations plan record stimulus

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

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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

TAKESHI KAWANAMI and JUN ISHIKAWA, Nikkei staff writers

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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