Post by account_disabled on Feb 26, 2024 22:52:46 GMT -6
The international expansion of the coronavirus has generated a shock wave that is having an unprecedented impact on the world economy. In fact, the paralysis of industrial activity, the fall in air traffic and hotel reservations, the collapse of the stock markets and the slowdown in consumption have caused the OECD to reduce its forecast for world economic growth for this year between 0, 5% and 1.4%. Over the past month, companies from all over the world and from very diverse sectors have been announcing exceptional measures to contain the virus or have quantified the losses that this situation will mean for their income statements. While their number continues to increase day by day, governments and international institutions have begun to take the initiative to try to alleviate the situation.
The WHO raises the risk of contagion and impact of the coronavirus to "very high" In this way, several countries around the world have launched a series of stimulus plans designed to reduce this economic impact, with measures to strengthen their health and prevention systems, loans and tax aid to companies that are seeing their activity diminish. or even with subsidies for its entire Pakistan WhatsApp Number List population that help reactivate consumption. Several Asian countries have been the first to launch stimulus packages against the coronavirus , although the expansion of the outbreak has motivated the US and Italy to propose similar measures. Meanwhile, the World Bank has recently announced that it will allocate more than 10.7 billion euros to strengthen the health systems of developing countries and contain the spread of the coronavirus. These are the 11 governments around the world that have announced stimulus plans to curb the impact of the coronavirus and the main measures they have proposed to contain the outbreak and its effects on the population, companies or main industries in their respective countries.
China Coronavirus: Shanghai train station staff wear masks The Chinese government has not launched a stimulus plan with a defined budget, but has been announcing concrete measures to reduce the impact of the crisis. Instead, its focus has been on specific initiatives, such as lowering electricity rates, reducing the social contributions paid by companies or the withdrawal of indirect taxes. These measures would be valued at a total of 1 trillion yuan (about 127 billion euros) , according to estimates collected by the Financial Times , an amount equivalent to 1% of Chinese GDP and which would double current global spending forecasts. In addition, Beijing has also announced fiscal transfers to the provinces most affected by the coronavirus. South Korea South Korean soldiers disinfect a train station in the city of Daegu due to the coronavirus outbreak The second country to suffer the coronavirus outbreak has chosen to launch an additional budget to combat the effects of the outbreak, which has meant adding more public spending to public accounts that were already the highest in recent history .