In 2020 “on the books” budgeted stimulus in Germany is larger than in China. BUT as @laurimyllyvirta has pointed out, where are policy banks? State-owned commercial banks are key in China. @IMFNews Fiscal folks need to talk to Financial stability side!
Why is Euro Area not recovering faster? Why will it not regain 2019 GDP level until 2022? Why is US recovery likely to be far