1200+ and 500+ for Americans

The US is responding to the current crisis in surprising ways. They are implementing an economic relief package that includes an unprecedented injection of loans, [...] https://www.pinterest.com/pin/1085437947660215829/

The US is responding to the current crisis in a surprising way. They are implementing an economic relief package that includes an unprecedented injection of loans, tax breaks and support for businesses and individual taxpayers. Among these ideas are something like 500+ and 1200+ for Americans. 500+ per child and 1200+ for adult citizens The mentioned package is a guarantee of as much as $500 billion that will go to big companies in the form of loans. This is mainly about airlines, which are hugely affected by the Wuhan virus outbreak. A separate pool of 350 billion dollars will go to the small business sector. This is not the end of surprises for social fans. Individuals, but with lower and middle incomes, will now get checks from the state. Each adult will receive $1,200, while the government is allocating $500 for each child. It still doesn't stop there. Unemployment insurance will be expanded. In addition to state benefits, a person out of work will receive $600 a week for four months. The entire package includes exactly: $500 billion to secure loans/credit and other assistance to businesses; Checks of $1,200 for most Americans (except the wealthiest); Over $350 billion for small and medium-sized businesses to pay current wages; An expanded system of insurance against sharp increases in unemployment; Numerous tax deferrals. Inflation is a certainty? The above are solutions that have not even been thought of since the Great Depression of the 1930s. This shows the scale of the problem, but also the desperation of politicians. But what effect will the programs that governments are now implementing have? Analysts are divided here. Some believe it will lead to stagflation. Most of them are of the opinion that even if these cash injections save the situation in the short term, we should not delude ourselves that the problem will not return in a few months in the form of a huge jump in inflation. However, much will also depend on when the world manages to extinguish the coronavirus pandemic. According to forecasts by ExMetrix, a Polish economic and social forecasting company, we could see the peak of the disease in Poland between April 15 and 20. Tags coronavirus crisis social