Global Cash splash

Chinnery, Kevin
February 2009
BRW;2/19/2009, Vol. 31 Issue 7, p9
Trade Publication
The article reports on the emergence of stimulus packages as governments around the world find solutions to the fill the gap in the global economy left by declining public borrowing and spending. J.P. Morgan Chase & Co. said that th passage of the U.S. $787 billion stimulus package takes the value of governmental stimulus programs worldwide up to 1.7% of global gross domestic product (GDP). Meanwhile, Australia's $42 billion package is worth 4.9% of GDP.


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