Virtually every country in the world has responded to the corona shock with fiscal policy. But even within EM world

Virtually every country in the world has responded to the corona shock with fiscal policy. But even within EM world there are HUGE differences in the capacity & willingness to respond btw, for instance, India/Mexico and Malaysia/Brazil/Chile.
imf.org/en/Topics/imf-… https://t.co/yzY3u95ge5

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