Bloomberg The International Monetary Fund (IMF) wants policy makers to avoid repeating the Depression-era mistake of ratcheting back budget deficits. Instead, it’s urging them to ramp up fiscal stimulus when the coronavirus contagion starts to abate. “Once the recovery has happened and we are past the pandemic phase, for advanced economies it would be essential to undertake a broad-based stimulus,” ...

Bloomberg Finland’s lockdown will cause gross domestic product (GDP) to shrink between 1.5% and 2.0% for each month that it is in place, the Finance Ministry said Thursday. The longer the restriction measures last, the slower the recovery will be, Mikko Spolander, director general of the Economics Department, told reporters in Helsinki. “The danger is that the longer the economy ...

Bloomberg The Trump administration would like to make purchases of milk and meat products as part of a $15.5 billion initial aid package to farmers rattled by the coronavirus, said Agriculture Secretary Sonny Perdue. “We want to purchase as much of this milk, or other protein products, mutton and other products, and move them into where they can be utilised ...