As there is a great possibility of recession spreads globally, many countries are having their own fiscal stimulus packages to encourage internal needs (since export will be harder) and promote economy growth.
I hope government will take this opportunity to really improve infrastructure (for examples utilities, transport, medical, education etc. ), especially for rural areas and set the stage to reduce poverty.
We can get useful information from the stimulus packages. Hopefully, we will have a glimpse of how government spending will trickle down and on what "pathway".
China’s 10-point fiscal stimulus package:
中国出台扩大内需促进经济增长十项措施
website
How big is the stimulus package ?
Excerpt:
到2010年底约需投资4万亿元。
今年四季度先增加安排中央投资1000亿元，
明年灾后重建基金提前安排200亿元，带动地方和社会投资，总规模达到4000亿元.
RePEc in October 2024
1 week ago
