Global Economy

The government has laid out the plan to kickstart the economy. Now the real work begins


The government cites four stimulus packages worth nearly 10% of GDP to fire up the Covid-hit economy.

Its expenditure, however, presents a totally different picture, one of extreme conservatism even as the economy has slipped into recession after contracting for the second consecutive quarter.

The economy may have bounced back from the first quarter, but GDP is well below last year and there is real worry the recovery could fizzle out.

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