the economic impact of another Covid-19 relief package in the USA.Do we need it? How can it stimulate the economy? Will it help stabilize the economy or it brings debt to the country?
Question: the economic impact of another Covid-19 relief package in the USA.Do we need it? How can it stimulate the economy? Will it help stabilize the economy or it brings debt to the country?
The Covid-19 relief package works as the fiscal stimulus which helps to stimulate the economy. It will help to increase the consumption spending in the economy which in turn affects real GDP or income. It is needed in the USA as the economy is still facing high unemployment and it is shrinking. More public investment is needed to expand the economy. Over 40 million people had registered themselves for unemployment benefit in the past 10 weeks when the first relief package was introduced. The unemployment people need these benefits to maintain their minimum consumption.
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