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Monday, March 9, 2009

Global Stimulus as a Percent of GDP

The IMF details:

Many countries have announced plans to implement a sizeable discretionary fiscal stimulus to boost aggregate demand. To date, the G-20 countries have adopted (or plan to adopt) fiscal stimulus measures amounting on average to around ½ percent of GDP in 2008, 1½ percent of GDP in 2009, and about 1¼ percent of GDP in 2010. For 2010, however, most G-20 countries have not yet announced fiscal packages, so the current estimate should be viewed as tentative.