Published Date Apr 02, 2020

Yahoo News: US$2 trillion package a ‘good start’ but economic recovery relies on coronavirus containment, US economist says

“Success in controlling growth [of] the disease and, ultimately, putting it behind us is going to be the single most important determinant of the economic consequences of the Covid episode,” said Larry Summers, former US Treasury secretary, at a virtual event hosted by the Economic Club of New York.

Summers applauded the efforts by the Federal Reserve, Congress and the executive branch to pass legislation to stabilise the economy.

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