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Coronavirus : Nations Pledge Trillions To Stave Off Economic Catastrophe - Politics - Nairaland

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Coronavirus : Nations Pledge Trillions To Stave Off Economic Catastrophe by YorubaKinging: 11:46am On Mar 18, 2020
The death toll in the U.S. passed 100 as the White House issued stimulus plans that included sending $1,000 to every American. New York City’s mayor says a “shelter in place” order is being considered.

World leaders vow vast spending, and New Yorkers face the prospect of “shelter in place.”
Nations around the world waged a two-front war on Wednesday: fighting the spread of the virus through ever tightening restrictions on people’s movements and stabilizing economies severely damaged by those efforts.

The White House is seeking more than one trillion dollars to blunt the financial fallout from the sudden and drastic changes to daily life caused by the coronavirus.

Germany has promised $600 billion to help businesses and individuals. British leaders said they would throw more than $420 billion at the crisis. The European Union promised hundreds of billions to support member states. Leaders in France, Spain, Italy and dozens of other nations have pledged to spend whatever is needed to meet the moment.

To put that in context — and to give a sense of the scale of the current crisis — the United States appropriated about $200 billion in today’s money for the Marshall Plan to help rebuild Europe after World War II.

But even as governments and central banks around the world promised to use all the fiscal and monetary policy instruments in their arsenal to prevent an economic collapse, the ripple effects of closing borders, locking down entire nations and telling people to stay in their homes continued to swell.

Source : https://www.google.com/amp/s/www.nytimes.com/2020/03/18/world/coronavirus-news.amp.html

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Re: Coronavirus : Nations Pledge Trillions To Stave Off Economic Catastrophe by YorubaKinging: 11:46am On Mar 18, 2020
As coronaVirus is disrupting the world economy
Some countries already planning bail out cash for thier citizens
United State government is planning to give at least $1000 per adult .
European nations is planning similar approach.

What will be the fate of the the so called "developing countries"
Especially African countries

Economic relief and vaccines for this virus will be handed to you on a platter of gold only if you have a digital ID
I hope you know what's coming very soon
Re: Coronavirus : Nations Pledge Trillions To Stave Off Economic Catastrophe by Citytrend: 11:48am On Mar 18, 2020
This is good for those who think God cannot Destroy the world within minutes if he choses to
Re: Coronavirus : Nations Pledge Trillions To Stave Off Economic Catastrophe by dlondonbadboy: 11:48am On Mar 18, 2020
And what is the Nigerian govt doing apart from tirelessly looking for who to blame?
Re: Coronavirus : Nations Pledge Trillions To Stave Off Economic Catastrophe by dignity33: 11:51am On Mar 18, 2020
And our useless government is using it to justify their failure not to pay salary .
Re: Coronavirus : Nations Pledge Trillions To Stave Off Economic Catastrophe by helinues: 11:53am On Mar 18, 2020
Government that cares
Re: Coronavirus : Nations Pledge Trillions To Stave Off Economic Catastrophe by Openbusiness: 8:01am On Mar 19, 2020
B

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