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Weekly Current Affairs: April week-2 - Italy unveils record 430 bn US dollars stimulus to boost economy

  • Category
    Miscellaneous
  • Published
    15th Apr, 2020

Italy has unveiled a record 430 billion US Dollar stimulus to help businesses hurt by a month- long national lockdown that is like to run on for many more weeks.

  • Italy has unveiled a record 430 billion US Dollar stimulus to help businesses hurt by a month- long national lockdown that is like to run on for many more weeks.
  • The programme will add to the 340 billion euros in government-backed loans announced last month.
  • Half of the new package will be earmarked for export-oriented companies whose turnover has imploded over the past month.
  • The government also announced that it will take steps to protect Italian companies weakened by the economic crisis from being taken over by foreign competitors.
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