ECONOMIC STIMULATE PLAN AMOUNTING FOR $908 BILLION WILL BE ANNOUNCED BY THE UNITED STATES GOVERNMENT

15.12.2020
Market News
15th Dec. - The United States government is planning to announce a $ 909 billion US Dollar stimulus plan to revive economic growth affected by the Covid-19 pandemic. The United States is the country most severely affected by the Covid-19 pandemic where more than 16 million people are infected with the epidemic with a death toll of more than 300,000 victims.

This stimulus plan is important to stimulate economic growth, although it has been disrupted for several months due to the disagreement of politicians in supporting this stimulus package. Most recently, this stimulus package proposal will be brought to the United States Congress and is expected to be brought in 2 separate packages in an effort to gain the full support of congressmen.

The first package of about $ 748 billion will be focused on small businesses, helping to overcome the problem of unemployment nationwide and some will be used for the purpose of national vaccination programs. The second package, amounting to about $ 160 billion, will be injected into the states and local governments.

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AHMAD FAIZUDDIN BIN RAZALI

CHIEF ANALYST OF CDG GLOBAL