The high cost of government support during the pandemic
The IMF puts the global tally for fiscal rescues so far at $11.7-trillion and while people’s savings surged with little to spend them on, they may get depleted fairly quickly too
21 October 2020 - 13:54
The public’s financial caution around lockdowns continues to give governments and central banks both the reason and room for open-ended support of their economies through another looming wave of the devastating pandemic.
With a surge of the Covid-19 virus in full swing, in Europe at least, and no effective vaccine on the table yet, questions about how governments can afford the blinding costs of economic support through the northern hemisphere winter are resurfacing...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.