Covid-19 demonstrated ‘power’ of government spending, says IMF

Covid-19 demonstrated ‘power’ of government spending, says IMF

The coronavirus crisis caused a much larger rise in public and private debt than the global financial crisis, the IMF said on Wednesday, as it highlighted a “great finance divide” between countries with access to finance and those without. The debt was generally put to good use during the pandemic, according to Vitor Gaspar, head … Read more