Across the globe, the respective governments have proposed economic packages including fiscal, monetary, and financial policy measures. These economic measures are targeting households, firms, health systems, and banks that vary across countries in breadth and scope. South Korea introduced cash transfers for quarantined individuals, consumption coupons for low-income households, and wage and rent support for small businesses. The United Kingdom provided funding for the National Health Service, introduced measures to support businesses including property tax holidays, direct grants for small firms, and compensation for sick pay leave, and strengthened the social safety net to support vulnerable people. A study ( done byThe Centre for Economic Policy Research (CEPR)) has formulated a composite index called the Covid-19 economic stimulus index to compare countries economic stimulation.
Sri Lanka's proposed economic stimulation to combat COVID19 is relatively weak among other Asian Countries
Global IndexesJun 19, 2020