News Formal

Public investment is key to Covid-19 recovery, says IMF

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Crisis lender estimates two to eight jobs are created for every US$1 mil spent on traditional infrastructure. FMTNews Covid19 IMF

WASHINGTON: Public investment should play a “central role” in the recovery of both emerging and advanced economies from the coronavirus downturn, the IMF said Monday ahead of its fall meetings.

Assuming investments are of “high quality,” the Washington-based crisis lender said increasing public investment by 1% of GDP could raise private investment by 10%, employment by 1.2%, GDP by 2.7% along with overall confidence in the recovery. The time to invest is now, officials said, with many countries still fighting off Covid-19 and people who lost their jobs amid the downturn looking for work.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Coronavirus: Cathay Pacific mulls smaller aircraft, business class cuts as Covid-19 crisis remoulds travelTalks ongoing over how to make Hong Kong’s flag carrier fit for the post-pandemic world, but CEO says no changes imminentRestructure plan looking at areas such as aircraft design, ratio of economy to business class seats
Källa: staronline - 🏆 4. / 75 Läs mer »