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The European Union, Japan, and China propose a variety of spending initiatives to help businesses and workers
Last week I wrote about the need for more fiscal stimulus in order to counteract the negative economic impact of the pandemic. Since the start of this crisis, I have worried that countries would follow the same playbook that was used in the face of the Global Financial Crisis - in general, a large level of monetary stimulus with a far smaller level of fiscal stimulus. I'm happy to report that