Since then, the U.S. government has passed a $1.9 trillion relief package, and the I.M.F. has signaled that the estimates for the country’s growth will be marked up further when it releases fresh forecasts on Tuesday. The recent relief package continues a trend: America has been willing to spend to combat the pandemic’s economic fallout from the start. Among a set of advanced economies, only New Zealand has borrowed and spent as big a share of its G.D.P. Mr. Subran also questioned whether the European Union can distribute stimulus financing fast enough.

Source: International New York Times April 02, 2021 15:19 UTC