Update on Coronavirus emergency economic-aid packages

The current global situation is changing rapidly. Therefore, following our 17th of March Coronavirus emergency economic-aid packages and monetary policy actions article, we are sending updates from around the world.

Among latest developments:

• Germany unleashes biggest post-war aid package against COVID-19;
• UK government unveiled a £350bn package of financial measures to protect the economy against the coronavirus damage;
• Australia announced a fiscal stimulus package in amount of $11 billion to mitigate the economic impact of the coronavirus crisis.To support firms and ensure that the liquidity of our financial sector can continue to support the economy.

This article provides further insight on economic and fiscal measures taken by government and policymakers across the world in order to address the economic impact of the coronavirus.