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USD16 trillion spent since March 2020 in providing fiscal support: IMF

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USD16 trillion spent since March 2020 in providing fiscal support: IMF

timestampJul 21, 2021 authorAlShorts Web Desk

Government across the world spent around USD16 trillion in providing financial support since March 2020, the International Monetary Fund said. Decision-makers should now focus on reforms that can boost growth after preventing a COVID-19-induced recession, which could have been three times worse if not tackled swiftly. The fund projected the global output in 2024 to be 2.8% lower than previous estimates.

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NASA Insight lander reveals Mars's centre core is molten

UAE logs 1,549 new cases, 7 deaths due to COVID-19

Abu Dhabi DED cuts business set-up fees by 94%

Global COVID-19 caseload nears 195 million milestone

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