$ 7 Trillion Package to Sustain The Global Economy. The $ 7 trillion package from the US, Europe, Japan, China and India will sustain the global economy. CNN’s report found this information.
The US, Europe, Japan, China and India, not just their own economy, their $ 7 trillion special assistance package will help accelerate the global economy and overcome frustration.
Analyzing the initiatives taken by the governments and central banks of these countries, CNN says that bonds and stock funds are being bought without the issue of savings, debt relief, tax concession and even printing of new currency at the expense of governments.
Recovery is underway after the US announced $ 2 trillion, Japan’s $ 247 billion, Germany’s 750 euros, France 45 billion euros, Britain’s 330 billion pounds, Italy’s 25 billion euros and Spain’s 200 billion euros and China’s $ 129 billion package.
The central bank of Europe is buying 750 billion euros of government debt and debt. Prior to this, the bank announced a total of 120 billion euros. China’s central bank is offering $ 162 billion in easy loans. Japan’s central bank is providing $ 55 billion in special assistance.
Bank of America economist Joseph Says says his country may need another $ 3 trillion in aid.
Hopefully, leaders of G-20 countries say the world economy needs to be restored by sustaining employment in an additional 5 trillion special packages if needed. China is pointing to that.