{"id":893,"date":"2021-03-01T17:04:04","date_gmt":"2021-03-01T17:04:04","guid":{"rendered":"http:\/\/rethink-quarterly.local\/?p=893"},"modified":"2024-09-03T22:25:42","modified_gmt":"2024-09-03T21:25:42","slug":"global-pandemic-stimulus-packages","status":"publish","type":"post","link":"https:\/\/rethinkq.adp.com\/global-pandemic-stimulus-packages\/","title":{"rendered":"How countries around the world are tackling the pandemic slump"},"content":{"rendered":"\n<header class=\"entry-header bg-adp-tan block--article-header alignfull block--article-header\" >\n\n  \n\n<figure class=\"wp-block-image size-large entry--image\"><img decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-2-1024x683.jpeg\" alt=\"\" class=\"wp-image-741\" srcset=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-2-1024x683.jpeg 1024w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-2-300x200.jpeg 300w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-2-768x512.jpeg 768w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-2-1536x1024.jpeg 1536w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-2-375x250.jpeg 375w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-2.jpeg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Macau Photo Agency\/<a href=\"https:\/\/unsplash.com\/photos\/Yww5F0Vqh0I\" target=\"_blank\" rel=\"noreferrer noopener\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-group entry--title-wrapper\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><div class=\"entry--social-share\">\n  <ul>\n    <li><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/rethinkq.adp.com\/global-pandemic-stimulus-packages\/&#038;t=How countries around the world are tackling the pandemic slump\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/themes\/rethink-quarterly\/img\/facebook.svg\" alt=\"Facebook logo - click to share this article on Facebook\"><\/a><\/li>\n    <li><a href=\"http:\/\/twitter.com\/share?text=How countries around the world are tackling the pandemic slump&#038;url=https:\/\/rethinkq.adp.com\/global-pandemic-stimulus-packages\/\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/themes\/rethink-quarterly\/img\/twitter.svg\" alt=\"Twitter logo - click to share this article on Twitter\"><\/a><\/li>\n    <li><a href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https%3A%2F%2Frethinkq.adp.com%2Fglobal-pandemic-stimulus-packages%2F\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/themes\/rethink-quarterly\/img\/linkedin.svg\" alt=\"LinkedIn logo - click to share this article on Facebook\"><\/a><\/li>\n  <\/ul>\n<\/div>\n\n            <a class=\"entry--tag tag-style\" href=\"https:\/\/rethinkq.adp.com\/time-for-universal-basic-income\/\">Features<\/a>\n\n        \n  <h1 class=\"entry-title\">How countries around the world are tackling the pandemic slump<\/h1>\n\n\n<p class=\"is-style-summary-style\">Targeting recipients for direct cash payouts is the key to global economic recovery, a Yale economist says.<\/p>\n<\/div><\/div>\n\n\n  <div class=\"entry--meta content-width\">\n           <p class=\"authors\">By\n                        <a href=\"https:\/\/rethinkq.adp.com\/author\/zarrin-tasnim-ahmed\/\">Zarrin Tasnim Ahmed<\/a>\n\n             \n         \n     <\/p>\n    \n  \n  <p>1 March 2021  <span class=\"desktop-only\">\u2014<\/span> <a href=\"https:\/\/rethinkq.adp.com\/issue-1-lifelines\/\">Issue 1: Lifelines<\/a> \n  <\/div><!-- .entry-meta -->\n\n<\/header><!-- .entry-header -->\n\t<div class=\"entry-content content-width\">\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img decoding=\"async\" width=\"681\" height=\"844\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/mobarak_mushfiq-1.jpeg\" alt=\"\" class=\"wp-image-972\" style=\"width:341px;height:422px\" srcset=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/mobarak_mushfiq-1.jpeg 681w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/mobarak_mushfiq-1-242x300.jpeg 242w\" sizes=\"(max-width: 681px) 100vw, 681px\" \/><\/figure><\/div>\n\n\n<p>As the Covid-19 pandemic ravaged local and global economies, governments around the world agreed that \u201cwe need to get money in the hands of people quickly,\u201d says Mushfiq Mobarak, professor of economics at Yale University and founder of the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/yrise.yale.edu\/\" target=\"_blank\">Yale Research Initiative on Innovation and Scale<\/a>.<\/p>\n\n\n\n<p>Governments across the globe are revving up Covid-19 vaccine distribution while also trying to revive stalled economies. Many countries are facing the largest economic crisis since 2008, and each one is tackling the threat of economic depression in their own way. Since the World Health Organization declared the pandemic in March 2020, many have rolled out multiple stimulus packages, injecting money into social programs, businesses, and entire industry sectors and, most vitally, supplementing paychecks.&nbsp;<\/p>\n\n\n\n<p>\u201cWhile the economic stimulus approaches vary widely, most countries have agreed on one thing: giving people cash.\u201d Mobarak says. \u201cThat was universal.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>\u201cWhile the economic stimulus approaches vary widely, most countries have agreed on one thing: giving people cash.\u201d<\/p><\/blockquote><\/figure>\n\n\n\n<p>Measures meant to stop the spread of coronavirus, such as lockdowns and international travel restrictions, hit many industry sectors hard. With the poor and working classes especially vulnerable, most governments are taking responsibility for ensuring their people get through this trying time.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">China and Asia<\/h2>\n\n\n\n<p>China was unique in its pandemic response, Mobarak says, in that its measures were strict and swift, but it also took care of its citizens.<\/p>\n\n\n\n<p>\u201cThe main thing that China did that made the response so successful is that they were very decisive,\u201d he says. \u201cTheir quick response to the virus helped its economy.\u201d<\/p>\n\n\n\n<p>When China ordered a complete lockdown of several of its provinces, it made sure its people had food delivered to them by opening up e-commerce, using existing delivery platforms, and regulating price gouging, the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.wsj.com\/articles\/how-china-fed-its-people-while-under-lockdown-11584009757\" target=\"_blank\">Wall Street Journal<\/a>&nbsp;reported.<\/p>\n\n\n\n<p>\u201cProviding people that security was essential,\u201d Mobarak says. \u201cIt helps you implement the lockdown policy better.\u201d<\/p>\n\n\n\n<p>China was one of the few major economies that still experienced&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.wsj.com\/articles\/china-is-the-only-major-economy-to-report-economic-growth-for-2020-11610936187\" target=\"_blank\">GDP growth in 2020<\/a>, growing by 2.3%, while the U.S. economy shrunk by 3.6%, and the euro zone by 7.4%. There were no cash payments to individuals, but the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.worldpoliticsreview.com\/articles\/29290\/governments-softened-coronavirus-economic-impact-now-too-many-have-pandemic-fatigue\" target=\"_blank\">World Politics Review<\/a>&nbsp;said China\u2019s modest fiscal and monetary response is a \u201cdirect reflection of its effective public health response.\u201d<\/p>\n\n\n\n<p>Many countries are continually putting out new stimulus measures as the situation continues. In December 2020,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.bbc.com\/news\/business-55226200\" target=\"_blank\">BBC News<\/a>&nbsp;reported Japan\u2019s newest round of stimulus totaled \u00a573.6 trillion ($708 billion). Earlier last year, Japan announced two stimulus packages worth a combined $2.2 trillion, which included cash payments to households averaging about $935 per person, as well as small business loans. About $384 billion of the new package will be directly spent, the BBC stated.<\/p>\n\n\n\n<p>India focused on helping its citizens in more direct ways than just cash grants. Though 30 million senior citizens did receive one-time cash payments equivalent to $13.31, the government also provided free grain and other staples to low-income families for three months, and free cooking gas to women in rural areas for three months. This targeted approach, especially in rural areas, helped ensure people were fed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Australia<\/h2>\n\n\n\n<p>A good example of targeting comes from Australia\u2019s policy for direct cash handouts and its job-keeping initiative. In March 2020, the Australian government made one-off payments of AUD 750 (about $580) to veterans, retirees and other income support recipients along with support payments to businesses to help keep employees on their payrolls. Jobseekers received AUD 550 every two weeks for six months. Under the JobKeeper payment scheme, employers received AUD 1,500 every fortnight for every employee they kept over the following six months.<\/p>\n\n\n\n<p>Mobarak says the Australian government had \u201call the best attributes of targeting.\u201d&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Americas<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img decoding=\"async\" width=\"675\" height=\"900\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-4.jpeg\" alt=\"\" class=\"wp-image-977\" style=\"width:433px;height:576px\" srcset=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-4.jpeg 675w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-4-225x300.jpeg 225w\" sizes=\"(max-width: 675px) 100vw, 675px\" \/><\/figure><\/div>\n\n\n<p>Countries that were unable to set a firm course on lockdown measures saw increased numbers of coronavirus cases and deaths, and struggled to directly support those in need.<\/p>\n\n\n\n<p>By the time the United States started mandating mask-wearing in all federal buildings and requiring travelers to submit negative Covid-19 tests before arrival in January 2021, its total number of confirmed cases was nearing 25 million.<\/p>\n\n\n\n<p>The first round of direct checks to U.S. citizens was sent out in April 2020 as part of a $2.2 trillion stimulus bill. Individuals earning less than $75,000 a year received $1,200, while couples earning less than $150,000 received $2,500.&nbsp;<\/p>\n\n\n\n<p>Recently, the U.S. passed a $900 billion bipartisan stimulus bill, which includes a new round of $600 stimulus checks for individuals and families. A third stimulus package may be on the horizon, but the effectiveness depends on one crucial thing, Mobarak says.&nbsp;<\/p>\n\n\n\n<p>\u201cTargeting. You need to identify people and give them money as opposed to giving it to everybody,\u201d he says. \u201cThere could be a lot of mistargeting, which means there\u2019s a lot of people who are getting support who don\u2019t need it, which would be called an insertion error, or there might be lots of people who need support and aren\u2019t getting it, which we call an exertion error.\u201d<\/p>\n\n\n\n<p>Canada passed its largest economic relief package since World War II, Finance Minister Chrystia Freeland said in December. The government is allotting CAD 100 billion ($79 billion) to kickstart the country\u2019s post-pandemic economy and distribute a Covid-19 vaccine. Tourism, travel and arts industries will be eligible for business loans up to CAD 1 million, and families are eligible for checks for up to CAD 600 per child under 6 years old,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.bbc.com\/news\/world-us-canada-55139229\" target=\"_blank\">the BBC<\/a>&nbsp;reported.<\/p>\n\n\n\n<p>In the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.bvibeacon.com\/stimulus-status-unclear-as-residents-cry-for-help\/\" target=\"_blank\">British Virgin Islands<\/a>, a small U.K. territory in the Caribbean, the government imposed several 24-hour lockdowns while it bolstered its healthcare systems. In the meantime, government-sponsored food bags were distributed to those in need, and an economic stimulus package, including direct payments for unemployed individuals, was announced at the end of May. However, the Virgin Islands government did not disclose how much individuals received.<\/p>\n\n\n\n<p>At first, Brazil did not relax its tight fiscal rules, and instead realigned its current spending by making room for deferrals. Still, it included cash aid to low-income families, the equivalent of $40 a month for three months. After Brazil declared a \u201cstate of calamity\u201d in March, the government was able to spend over its set spending limits. It announced $8 billion in credit to small and medium-sized companies willing to pay wages to employees they kept on their payroll.<\/p>\n\n\n\n<p>Mexico had the smallest economic stimulus package of all Latin American countries, but its fiscal conservatism kept the budget deficit low. Mexican President Andr\u00e9s Manuel L\u00f3pez Obrador was opposed to taking on any more debt and did not give any cash handouts, the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.ft.com\/content\/29050246-581b-4f03-92d5-a65309338bea\" target=\"_blank\">Financial Times<\/a>&nbsp;reported.<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img decoding=\"async\" width=\"1024\" height=\"652\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-3-1024x652.jpeg\" alt=\"\" class=\"wp-image-982\" srcset=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-3-1024x652.jpeg 1024w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-3-300x191.jpeg 300w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-3-1536x978.jpeg 1536w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/stimulus-payment-success-3.jpeg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Italy was hard-hit by the first wave of the pandemic and has pushed through four stimulus packages. Gabriella Clare Marino\/<a href=\"https:\/\/unsplash.com\/photos\/tAPq5wEnPRw\" target=\"_blank\" rel=\"noreferrer noopener\">Unsplash<\/a>&nbsp;<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Europe<\/h2>\n\n\n\n<p>In&nbsp;<a href=\"https:\/\/www.euronews.com\/2020\/09\/03\/coronavirus-france-to-unveil-100-billion-stimulus-plan-to-kickstart-sick-economy\" target=\"_blank\" rel=\"noreferrer noopener\">September<\/a>, French Prime Minister Jean Castex laid out a two-year \u20ac100 billion ($121 billion) recovery plan. The&nbsp;<a href=\"https:\/\/www.economie.gouv.fr\/bruno-le-maire-presente-mesures-urgence-economiques#\" target=\"_blank\" rel=\"noreferrer noopener\">country<\/a>&nbsp;offered businesses of fewer than 50 people support payments of up to \u20ac10,000 per month from a solidarity fund, but it didn\u2019t offer direct cash payments to people.<\/p>\n\n\n\n<p>Italy\u2019s first stimulus package in March 2020&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/www.thelocal.it\/20200316\/cura-italia-the-25-billion-euro-plan-to-rescue-italy-economy-from-coronavirus-crisis\" target=\"_blank\">included<\/a>&nbsp;the distribution of a \u20ac600 allowance to self-employed and seasonal workers, and those on parental or care leave. The fourth relief package in October extended wage support, including up to \u20ac1,000 for workers in hard-hit sectors such as tourism.<\/p>\n\n\n\n<p>Germany had the largest fiscal stimulus and relief measures, in terms of overall size and percentage of GDP, of any country in Europe. Like France, cash payments were directed at businesses and self-employed people rather than individuals. But Germany did make bonus Kindergeld cash payments of \u20ac300 per child to parents in 2020.<\/p>\n\n\n\n<p>The U.K.\u2019s central bank has distributed several rounds of stimulus packages. Its third package included grants of up to 80% of workers\u2019 salaries if companies kept them on their payrolls, up to \u00a32,500 ($3,470) per month per employee for three months. The third round of cash support for self-employed people making less than \u00a350,000 a year was \u00a37,500 for three months; the next round will begin in March 2021.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">And elsewhere&nbsp;<\/h2>\n\n\n\n<p>Russian Prime Minister Mikhail Mishustin&nbsp;<a href=\"https:\/\/www.themoscowtimes.com\/2020\/06\/02\/russia-prices-economic-recovery-plan-at-70bln-a70456\" target=\"_blank\" rel=\"noreferrer noopener\">said in June<\/a>&nbsp;that Russia\u2019s economic stimulus plan would cost the country 5 trillion rubles ($73 billion) over two years. This would include the creation of a financial reserve to support quarantined citizens for loss of income. Families could&nbsp;<a href=\"http:\/\/government.ru\/en\/news\/39668\/\" target=\"_blank\" rel=\"noreferrer noopener\">apply<\/a>&nbsp;for a three monthly payments of RUB 5,000 for children under 3 in 2020, and a one-time payment of RUB 10,000 for children ages 3 to 16.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.brookings.edu\/blog\/africa-in-focus\/2020\/11\/20\/lockdown-economics-in-south-africa-social-assistance-and-the-ramaphosa-stimulus-package\/\" target=\"_blank\">South Africa<\/a>&nbsp;announced a $26 billion stimulus plan in April, of which about 10% went to cash transfers and social grants for six months. Recipients received between $16 to $32 per month. The government extended the stimulus package in October for three more months.<\/p>\n\n\n\n<p>While governments globally have placed restrictions on movement in order to curb the spread of the virus, Mobarak said that successfully enforcing those lockdowns goes hand-in-hand with ensuring that people have money.<\/p>\n\n\n\n<p>\u201cWithout that money, people might be desperate and might end up making decisions that have longer-term adverse consequences for themselves and for the economy as a whole,\u201d he said.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n<div class=\"block--author\">      <div class=\"block-author__inner\">\n        <div class=\"author--image\">\n                      <a href=\"https:\/\/rethinkq.adp.com\/author\/zarrin-tasnim-ahmed\/\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/profile_zarrin-ahmed-298x305.jpeg\" alt=\"\" \/><\/a>\n                  <\/div>\n        <div class=\"author--info\">\n                      <a href=\"https:\/\/rethinkq.adp.com\/author\/zarrin-tasnim-ahmed\/\" class=\"author--name\">Zarrin Tasnim Ahmed<\/a>\n\n          \n          <p>Based in the British Virgin Islands, Zarrin Tasnim Ahmed is the web editor of The BVI Beacon. She\u2019s written for Business BVI, Life &amp; Styles Magazine and the Association of Caribbean Media Workers.<\/p>\n          <div class=\"block--author-social\"><ul class=\"author--socials\"><li><a href=\"https:\/\/www.linkedin.com\/in\/zarrintasnimahmed\/\" title=\"LinkedIn\" target=\"_blank\"><i class=\"fab fa-linkedin\"><\/i><\/a><\/li><li><a href=\"https:\/\/www.bvibeacon.com\/author\/zarrintasnimahmedgmail-com\/\" title=\"Author Website\" target=\"_blank\"><i class=\"fas fa-globe\"><\/i><\/a><\/li><\/ul><\/div>\n        <\/div>\n      <\/div>\n       <\/div>\n\n<div class=\"block--recommended-content alignwide is-style-bg-adp-tan\"><div class=\"block-recommended-content__inner\">\n\n<h2 class=\"wp-block-heading\">Read more<\/h2>\n\n\n<div class=\"block--article-pushpoint pushpoint__small\">      <div class=\"block-article-pushpoint__inner\">\n        <a href=\"https:\/\/rethinkq.adp.com\/time-for-universal-basic-income\/\">\n        <div class=\"pushpoint--image\">\n          <img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/DW6NFC-1-1084x576.jpeg\" alt=\"\" \/>\n        <\/div>\n        <div class=\"pushpoint--info\">\n                    <span class=\"pushpoint--title\">Has the time finally arrived for Universal Basic Income?<\/span>\n          <p>With so many people around the world losing work during the pandemic, interest in UBI is on the rise. What have we learned so far?<\/p>        <\/div>\n      <\/a><\/div> <\/div>\n\n<div class=\"block--article-pushpoint pushpoint__small\">      <div class=\"block-article-pushpoint__inner\">\n        <a href=\"https:\/\/rethinkq.adp.com\/editor-note-never-stop-learning\/\">\n        <div class=\"pushpoint--image\">\n          <img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2023\/08\/RX86A6-1084x576.jpg\" alt=\"\" \/>\n        <\/div>\n        <div class=\"pushpoint--info\">\n                    <span class=\"pushpoint--title\">Never stop learning<\/span>\n          <p>Being curious about the world around you is the first step towards a lifetime of learning. \n<\/p>        <\/div>\n      <\/a><\/div> <\/div>\n\n<div class=\"block--article-pushpoint pushpoint__small\">      <div class=\"block-article-pushpoint__inner\">\n        <a href=\"https:\/\/rethinkq.adp.com\/financial-wellness-programs-pandemic-recovery\/\">\n        <div class=\"pushpoint--image\">\n          <img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/EH12F9-1-1084x576.jpeg\" alt=\"\" \/>\n        <\/div>\n        <div class=\"pushpoint--info\">\n                    <span class=\"pushpoint--title\">Financial wellness programs essential for pandemic recovery<\/span>\n          <p>As the Covid-19 pandemic has strained people\u2019s wallets around the world, more companies in Nigeria are\u00a0providing financial literacy services to employees.<\/p>        <\/div>\n      <\/a><\/div> <\/div>\n<\/div><\/div>\n\n\n<section class=\"wp-block-group alignfull section--sign-up has-background\" style=\"background-color:#7967ae\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-align-center is-style-default has-white-color has-text-color has-large-font-size\"><a href=\"\/sign-up\/\">Sign up<\/a> to keep up to date with ReThink Q.<\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>Targeting recipients for direct cash payouts is the key to global economic recovery, a Yale economist says.<\/p>\n","protected":false},"author":1,"featured_media":741,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[116],"tags":[68,98,43,99],"coauthors":[33],"class_list":["post-893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","tag-covid-19","tag-global-economy","tag-pandemic","tag-stimulus","issue-issue-1-lifelines"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - 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