Submitted by Taps Coogan on the 9th of April 2020 to The Sounding Line.

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The following map, from HowMuch,net, shows the economic stimulus packages that have been approved by the world’s major economies, based on data from the International Monetary Fund (IMF).

As HowMuch,net notes:

The United States has implemented a $2 trillion stimulus package, the largest in the country’s history.

The European Central Bank will spend over 1 trillion euros on Eurozone bonds over the next nine months.

Canada has guaranteed C$2,000 a month to individuals affected by the coronavirus outbreak.

Australia has guaranteed struggling businesses A$1,500 every two weeks per employee.

Relative to GDP, the largest stimulus programs work out to be:

1.) United States: $2.3 trillion (11% of GDP)

2.) Germany: $189.3 billion (4.9% of GDP)

3.) China: $169.7 billion (1.2% of GDP)

4.) Canada: $145.4 billion (8.4% of GDP)

5.) Australia: $133.5 billion (9.7% of GDP)

All in all, the US and most major economies and in the midst of delivering the largest economic stimulus in modern times, surpassing the response to the Global Financial Crisis. On top of that, there is likely significantly more to come.

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