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3-13-20econ.pdf
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🔗 Source: cbpp.org
📊 Size: 182 KB
👤 Author: Chye-Ching Huang
⬇️ Downloads: 104

Summary

The COVID-19 pandemic demands an aggressive public health response and urgent fiscal policy measures to address financial hardship and prevent a severe recession. Policymakers should act quickly to implement measures that get resources to low- and middle-income households, such as sending rebate checks, strengthening unemployment insurance, and expanding nutrition assistance. The risk of recession is high due to reduced consumer spending, supply chain disruptions, and widespread layoffs. Fiscal measures can help shore up demand, prevent business closures, and mitigate the economic impact on vulnerable households. Rapid action is imperative to prevent further economic damage and help those already experiencing financial hardship.

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The COVID-19 pandemic demands an aggressive public health response and urgent fiscal policy measures to address financial hardship and prevent a severe...

Technical Information

  • File Format: PDF
  • File Size: 182 KB
  • Pages: 4
  • Language: EN
  • Author: Chye-Ching Huang
  • Total Downloads: 104
  • Last Updated: 3 weeks ago

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