Covid-19 Analysis from the Economics Program
The Economics Program at CSIS is closely watching the Covid-19 pandemic, the abrupt shock to the global economy, and responses to the crisis. We are actively tracking and cataloging different types of fiscal spending from Group of Twenty (G20) economies and consolidating responses from international financial institutions (IFIs). We are also releasing periodic analysis and commentary on U.S. and international efforts to mitigate the economic impact of the virus, including successes and failures of global coordination. We welcome your thoughts and questions at email@example.com.
Tracking the International Financial Institutions’ Response
As of March 31, 2021:
$1.7 trillion total institutional commitments
$262.4 billion total approved
May 04, 2021 Analysis
January 25 Analysis
November 24 Analysis
October 23 Analysis
September 21 Analysis
August 24 Analysis
July 21 Analysis
June 26 Analysis
May 21 Analysis
May 04 Analysis
Downloadable Data (3/31/2021)
Analysis and Commentary
Tracking G20 Countries’ Fiscal Response
As of June 29, 2020:
$7.6 trillion in total fiscal support
$4.1 trillion in direct government spending
$2.6 trillion in credit enhancements
$0.8 trillion in tax relief
- We estimate fiscal support from G20 countries now exceeds 11 percent of 2019 G20 GDP.
- Fiscal support in G20 advanced economies averages 13.8 percent of GDP while fiscal support in G20 emerging market economies averages 4.7 percent of GDP.
- G20 loan guarantee frameworks exceed $3 trillion but have had limited usage
- The United States faces an “income cliff,” or a sharp drop in personal earnings, at the end of July when key fiscal support expires.