
S6 Ep18: How much inflation did Covid fiscal support cause?
VoxTalks Economics
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The Government's Fiscal Measures to Relieve the Humble of COVID
Galena: In 2020, when COVID started spreading through the world, a lot of countries went into some form of lockdown. Because that meant a lot of people lost their incomes and businesses lost their incomes, the government wanted to do all they could to relieve that hardship. Galena: Fiscal measures per announcement were as high as 20% of GDP. And if you look at the cumulative actual money spent in some countries, it was over 30% of GDP throughout 2020, 2021.
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