West unveils one trillion dollars to rescue global economy amid COVID-19 outbreak

As coronavirus outbreak continues to r havoc across world, western countries have unleashed all ir might to tackle crisis. United States President is calling it a war and has decided to do whatever necessary to contain global pandemic. As per reports, western powers have anunced packs up to one trillion dollars to man aftereffect on ecomy due to infectious disease. 

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Coronavirus measures

According to reports, United States has proposed a $1 trillion rescue plan, to boost ecomy after crisis is over. As per reports, proposed rescue plan would see a possible $300 billion that would be used in helping small businesses avoid mass layoffs, $50 billion to help airline industry and $150 billion to protect or sectors. 

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Meanwhile, government of United Kingdom unveiled a multi-billion pound or $39 billion rescue plan for its businesses and to support people's finances in se hard times. United Kingdom government has promised to offer paid leave to its citizens even if y have t tested positive for virus and have been just asked to stay at home because of symptoms. 

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As per reports, Italian government has approved a $27 billion rescue pack to support businesses affected by lockdown that was furr extended by Prime Minister Conte on March 19. Germany has set aside $610 billion to help businesses, while France and Sweden have kept $50 billion each to tackle outbreak. Switzerland has unveiled a $10 billion stimulus pack to deal with outbreak. 

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Japan is also looking to offer a stimulus pack that would help government tackle ecomic fallout from coronavirus outbreak. According to reports, Japanese government will probably hand out cash payouts to households affected by outbreak. pack could be worth more than $260 billion. efforts will be part of government's plan to avoid a possible recession that experts are predicting across globe.