With entire economies grinding to a halt, the worldwide coronavirus crisis has sparked what is expected to be the worst downturn since the Great Depression.
According to the International Monetary Fund’s policy tracker, which summarises the key economic responses governments have taken to limit the impacts of the pandemic, Australia’s fiscal response ranks among the highest in the developed world.
As a proportion of its GDP, Australia’s domestic coronavirus aid sits well above that of countries in western Europe and China, but is lower than that of the United States, Canada and Japan.
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