Western governments have mounted a multi-trillion-dollar fightback to limit the economic fallout from the coronavirus pandemic with Donald Trump’s White House proposing to send a cheque to every American.
The sudden White House shift to more aggressive economic interventions to the outbreak came alongside attempts by Britain, France, Germany and Spain to use their balance sheets to prop up business activity and protect household incomes.
World leaders have been forced to tear up the traditional economic playbook in response to the historic jolt to the global economy.
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