BFM 89.9

Podcast  >  Morning Run  >  Morning Brief  >  More Stimulus Than the GFC but Is It Enough?

More Stimulus Than the GFC but Is It Enough?

Marina Stefani, Director, Fitch Ratings' Economics Team

12-Jun-20 07:30

More Stimulus Than the GFC but Is It Enough?

According to Fitch Ratings, aggregate direct fiscal stimulus measures for the “Fitch 20” countries, such as the US, UK and Australia, have totalled over $5 trillion, which is 7% of those countries’ 2019 GDP. This outweighs the scale after the global financial crisis, when the advanced economies undertook a fiscal easing of only 3% to 4% of GDP.

That said, is the global response enough to ward off the much feared global recession which some have said could be worse than the Great Depression of the 1930s?

Produced by: Wong Shou Ning, Dayana Mustak

Presented by: Roshan Kanesan, Noelle Lim, Khoo Hsu Chuang

Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  Penjanastimulus packageUKUSAustraliaGDPMonetary PolicyFiscal PolicyFitch RatingGovernment/Regulatory/Policy MakingEconomy, MarketsPolitics, News, Current Affairs


Share this podcast

Latest Podcasts

Play / Pause

Listen now :

Today’s Shows

10:00 AM

Pick of the Pops (REPEAT)

12:00 PM

Bar None (REPEAT)

1:00 PM

Ringgit and Sense (Repeat)

Bankruptcy - Basics, Impacts, And Way Out; Nirmala Subramaniam, Manager at the Financial Education Department, Agensi Kaunseling dan Pengurusan Kredit (AKPK)

1:30 PM

The Property Show (Repeat)

Watch Out For Property Scams; Chan Ai Cheng, President Elect, Malaysian Institute of Estate Agents

2:00 PM

Cruise Control (REPEAT)

BMW Malaysia's Last Manual Car On Sale Was An MPV; Daniel Fernandez,

3:00 PM

By the Book (REPEAT)

International Friendship Day; Lee Chwi Lynn and Sharmilla Ganesan

4:00 PM

The Bigger Picture (REPEAT)

Doctor in the House - Will We See a Third COVID-19 Wave?; Prof Dr Sanjay Rampal, Epidemiologist | Dr Eugene Tee, Associate Professor in Psychology

5:00 PM

TED Radio Hour

6:00 PM

Night School (REPEAT)

Striking A New Musical Tradition of Togetherness; Adam Farhan

7:00 PM

Take Five (REPEAT)

8:00 PM

The Flow (REPEAT)

9:00 PM

British Council’s The Selector