Economic Progress

The role of fiscal policy to manage debt, inflation and COVID-19

View of the city of Chicago, USA, which has announced large packages to support recovery. Image: Erol Ahmed/Unsplash

Vitor Gaspar
Director of the Fiscal Affairs Department, IMF
Paulo Medas
Deputy Division Chief, IMF’s Fiscal Affairs Department
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Global effect of three large recovery packages.
Changes in GDP, components and prices of main contributors. Image: IMF
COVID-19's effect on fiscal and growth forecasts.
Revenue, expenditure and GDP have all been affected by the pandemic. Image: IMF

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