How Large Was The Global Economic Support In 2020? Motilal Oswal Report
A man holds a two thousand Indian rupee banknote for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

How Large Was The Global Economic Support In 2020? Motilal Oswal Report

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Motilal Oswal Report

2020 was an extraordinary year. As Covid-19 spread across the world in early CY20, policymakers did whatever they could to mitigate its economic impact.

In this note, we take stock of the global, fiscal stimulus announced in CY20, and how much of that was financed by central banks.

Our calculations suggest that global fiscal deficit almost tripled to $6.5 trillion (or 9.8% of gross domestic product) last year from $2.2 trillion (or 3.2% of GDP) in CY19.

Although fiscal deficit expanded everywhere, the magnitude of response was divergent in advanced economies and emerging and developing economies.

Click on the attachment to read the full report:

Motilal Oswal Ecoscope.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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