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Coronavirus bailouts: Which country has the most generous deal?

来源:BBC 作者: 时间:2020-05-08 Tag: 点击:

Coronavirus shutdowns around the world have pushed countries into crisis-mode, prompting a massive rescue spending in an effort to soften the blow from what is expected to be the worst economic contraction since the 1930s.

Columbia economics professor Ceyhun Elgin has been working with colleagues around the world to track the responses in 166 countries.

By his calculations, Japan's response has been among the most aggressive, with a spending package estimated at roughly 20% of the country's economy. (It is topped only by Malta, which benefits from European Union funds.)

That compares to rescue spending estimated at roughly 14% of GDP in the US, 11% in Australia, 8.4% in Canada, 5% in the UK, 1.5% in Colombia and 0.6% in Gambia.


Some strategies can be found in relief plans around the world, such as cash transfers.

In many countries, the aid is targeted at the poor or people working in the informal economy and unlikely to get assistance through other programmes; or else conditioned on a person's job having been affected by shutdowns.

Canada, for example, is providing CAD 2,000 (£1,150; $1,400) per month for up to four months to those who have lost income due to the pandemic, while Costa Rica is funding a monthly allowance of $220 (£177) for people who have lost their jobs due to the virus.

The US and some countries in Asia have taken an even broader approach.


All Americans earning under $99,000 - an estimated 90% of households - are due to receive as much as $1,200 (£964) per adult, while South Korea's central government is sending cheques of up to KRW 1 million (£659; $820) to families in the bottom 70% income bracket.

Hong Kong in February announced a handout of $10,000 Hong Kong dollar ($1,280; £985) per adult; Japan is sending its citizens JPY 100,000 (£752; $931) per person, and Singapore $S600 (£340; $422).

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