The Bigger Picture: A discussion about the global trend in a post COVID-19 world, and the need for a new economic and social paradigm
Frederik Paulus, Economic Advisor at REFSA shares his view on Malaysia's climate change commitments, what more needs to be done and the importance of the state acting as a catalyst and a venture capitalist of sorts, for the private sector to come up with the most efficient solutions.
The nominal amounts are taken directly from the government announcements or related news reports, and converted in USD in order to be able to compare.
We updated our chart after the announcement of the second stimulus package yesterday. More detail on implementation is required, but at first sight it looks somewhat underwhelming in terms of fiscal stimulus.
To overcome this economic crisis caused by Covid-19, countries around the world are preparing stimulus packages to help their economy, often committing unprecedented sums.