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His plan adds us1 400 in stimulus money to the us600 paid out to eligible americans as part of the last covid 19 relief package to bring the total doled out to us2 000.
Total amount of coronavirus stimulus. In total the rudd and gillard governments spent 51 billion much of it within a year. The first stimulus just over 11 years ago was australia s response to world markets collapsing amid the gfc. Total stimulus for the covid 19 crisis already triple that for the entire 2008 09 recession covid 19 economics june 11 2020 governments allocated 10 trillion for economic stimulus in just two months and for some countries their response as a percentage of gdp was nearly ten times what it was in the financial crisis of 2008 09.
This package amounts to about 117 1 trillion. Biden had pledged us2 000 direct payments to americans. Out of all g20 countries japan had passed the largest fiscal stimulus package that amounts to about 21 1 percent of its gross domestic product gdp.
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