The stimulus talks stalled on the size of the package. The gap between Trump’s “very generous offer” of a $1.6 trillion package and the Democrats’ $2.4 trillion proposal was too large for the president to stomach. The Democrats’ version contained a new stimulus cheque, an extension of higher benefits for unemployed workers, […]
stimulus
Europe sets out stimulus plans as stingy Sunak keeps his powder dry
One country’s economic plan for 2021 will be conspicuous by its absence this autumn. The likes of Germany, Italy and France are beginning to set out proposals to leave the spending taps on in 2021. Gridlock may have hit Congress in the US but that has not stopped the presidential candidates […]
Mtn Dew creates stimulus package to support hunting and fishing
Dive Brief: PepsiCo’s Mountain Dew brand debuted a new campaign and sweepstakes on July 15 to support consumers embracing the great outdoors called “Out Here. It’s DEW,” according to a press release. A $100,000 Mtn Dew Outdoor Stimulus program will pay for 2020 hunting and fishing permits in the heartland, a term […]
Country Time offers stimulus checks to closed lemonade stand owners
Dive Brief: Kraft Heinz lemonade brand Country Time launched a new campaign called The Littlest Bailout Relief Fund that will send stimulus checks to kids that had to close their lemonade stands due to the pandemic, according to a press release the company shared with Marketing Dive. Consumers can enter […]
Europe’s great stimulus plan is little more than political theatre
Weak industrial orders matter more than surging retail sales as an indicator at this juncture. Pent-up demand has inflated purchases. Will spending hold up as job subsidies run down and unemployment bites in earnest? I doubt it. “Sustaining the pace of recovery will get increasingly difficult from here,” says Neil […]
Asian stocks surge on fiscal and monetary stimulus
HONG KONG/TOKYO — Asian shares rallied on Tuesday as news of further monetary and fiscal stimulus overshadowed fears of a second wave of the coronavirus in China and elsewhere. The rally in Asia came after U.S. equities reversed early losses on Monday after the Federal Reserve unveiled plans to buy […]
Abe’s barrel-chested stimulus package lacks leg power
TOKYO — Prime Minister Shinzo Abe called it the largest stimulus package in the world. The 117.1 trillion yen ($1.09 trillion) second supplementary budget that was approved by the Japanese cabinet on Wednesday, when put together with an earlier supplementary budget, brings total stimulus measures to 230 trillion yen. “It’s equivalent to 40% of […]
Abe’s barrel-chested stimulus package doesn’t have legs
TOKYO — Prime Minister Shinzo Abe called it the largest stimulus package in the world. The 117.1 trillion yen ($1.09 trillion) second supplementary budget that was approved by the Japanese cabinet on Wednesday, when put together with an earlier supplementary budget, brings total stimulus measures to 230 trillion yen. “It’s equivalent to 40% of […]
Asia faces financial health check after going big on stimulus
BANGKOK — Governments across Asia are unleashing massive stimulus packages to support economies heading into recession as the novel coronavirus batters consumption and investment, threatening progress in shoring up fiscal and monetary policy management following previous crises. Economists agree swift action is essential. Credit rating agencies, however, have their eyes […]
A vaccine will be the most effective economic stimulus
Chancellor Rishi Sunak’s extension of the furlough scheme through October is confirmation, if any were needed, that the pandemic will not produce a mere three-month economic hiatus. Lost GDP from our societal decision to suppress the virus runs at around £60bn per month right now, with government borrowing potentially up […]