Limited fiscal space puts the Arab region recovery from COVID-19 at risk - ESCWA

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ESCWA Publication: E/ESCWA/2020/Policy Brief.13


Publication Type: Policy briefs

Focus Area: Macroeconomics

SDGs: Goal 16: Peace, Justice and Strong Institutions

Keywords: Covid-19

Limited fiscal space puts the Arab region recovery from COVID-19 at risk

July 2020

Governments worldwide have announced fiscal stimulus packages amounting to $9.6 trillion, which includes about $100 billion in the Arab region, to fight the severe health and economic impacts of COVID-19. However, there are significant differences in stimulus packages between the developed and the developing countries. With limited fiscal space, the low- and middle-income countries face greater risks of meeting expenditure needs to recover better and mitigate the impact of COVID-19.

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