US markets tanked through early March as investors waited for the White House to meet the Fed's monetary policy with a comprehensive fiscal policy plan.
Since then, the Trump administration has revealed plans to send Americans checks, issue loans to distressed industries, and boost programs for families hit hardest by the outbreak. The package is set to release $1.3 trillion to affected businesses and Americans.
Italy, the country currently suffering the most from the outbreak, approved a wide-reaching, 25-billion euro stimulus measure on Wednesday. The package calls for the nationalization of bankrupt airline Alitalia, partially funded sick leave for parents, funding for babysitters, payments for health sector hiring, and financial support for small businesses.
Canada, Russia, and Australia have also enacted stimulus plans aimed at providing relief for ailing sectors and citizens. Other countries are in the process of forming their own measures, leaving room for the worldwide stimulus total to swell as the outbreak intensifies.
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