Baku 27° C
World spends over $13 trillion to fight pandemic
Finance
- 23 December, 2020
- 07:27
The total amount allocated to fight the COVID-19 pandemic, overcome the associated economic difficulties, and help the population has now exceeded the US $ 13 trillion in the world, Report mentions, citing TASS.
According to Japanese business newspaper Nikkei, this amount also considers the package of measures just agreed in the US Congress to stimulate the economy in the face of a pandemic of almost 900 billion US dollars.
As Nikkei noted, the adoption of new programs to stimulate the economy leads to a swelling of public debt in the world's leading countries. According to experts, in 2021, it will reach 125% of their total GDP.
Author
Latest News
15:07
Madina Igibayeva: Impossible to build new order without relying on old paradigms
Foreign policy15:01
Azerbaijan's economy grows by 1%
Finance14:57
Jeyhun Bayramov discusses peace process in South Caucasus with US State Department official
Foreign policy14:56
UAE president visits Doha in show of solidarity with Qatar
Other countries14:50
Polish expert: Russian drone incident may trigger NATO Article 4
Other countries14:47
Azerbaijan to host ITF's annual summit in May 2026
Infrastructure14:41
Natig Jafarov: Middle Corridor's potential outweighs its challenges
Infrastructure14:38
Katz: We'll hit our enemies anywhere
Other countries14:38