Thursday, March 28, 2024
Homecentral banksU.S. stimulus will cause 'positive spillovers' in Europe, ECB chief economist says

U.S. stimulus will cause ‘positive spillovers’ in Europe, ECB chief economist says

  • President Joe Biden signed a massive fiscal stimulus plan that will send direct payments of up to $1,400 to most Americans.
  • The OECD estimated earlier this month that the relief bill will add about 1 percentage point to global growth this year.
  • European officials often come under criticism for not providing similar fiscal power.

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