How does the G20 COVID-19 fiscal response compare to the Global Financial Crisis?
Last week the European Union agreed on a historic €750 billion stimulus package. This week Congress will negotiate the next round of relief for the US. Where does this fit into the global spending picture? Our new fiscal firepower heat map, updated through June, shows how G20 COVID-19 crisis spending now compares to the Global Financial Crisis. While nearly every country is spending significantly more than a decade ago, China is still spending less.
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David Bray
Senior Director, GeoTech Center and GeoTech Commission
Ole Moehr
Associate Director, GeoEconomics Center
Content
Sat, Jul 10, 2021
State of the Order: Assessing June 2021
The State of the Order breaks down the month's most important events impacting the democratic world order.
Blog Post
Wed, Apr 21, 2021
A world apart: How wealthy nations can strengthen the COVID safety net
The international community has delivered important progress in combating the impact of COVID-19, but much more is needed to assist low-income countries. While the IMF's Special Drawing Rights are a good start, G20 nations must help restructure the debts of developing nations and fund vaccine distribution.
New Atlanticist by Jeremy Mark and Vasuki Shastry
Wed, Mar 10, 2021
How much money is the G20 spending?
Our new fiscal firepower heat map, updated through March 2021, shows how G20 COVID-19 crisis spending now compares to the Global Financial Crisis. While nearly every country is deploying its fiscal firepower significantly more than a decade ago, China is still spending less.
EconoGraphics by GeoEconomics Center
Tue, Feb 9, 2021
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On February 9, Erica Borghard participated in the first full meeting of Task Force 4: Digital Transformation for the Think20 (T20). The T20 is the official engagement group of the G20, bringing together leading think tanks and research center worldwide. At the meeting, Borghard presented her policy brief on cyber threats to global financial stability. […]
In the News by Atlantic Council
Mon, Aug 17, 2020
Burrows and Manning in The National Interest: What happens when America is no longer the undisputed super power?
In the News by Atlantic Council
Wed, Jul 15, 2020
The G20 needs to do more to address the human toll of COVID-19
If the wealthy countries cannot support measures to stave off a humanitarian crisis, the damage will run deeper than the resurgence of hunger and disease. The political repercussions will take the shape of civil strife, extremism, and mass migration. The G20 will do irreparable damage to social cohesion and international cooperation if it fails to act decisively.
New Atlanticist by Jeremy Mark
Wed, Jul 15, 2020
United G20 must pave the way for robust post-COVID-19 recovery
The world is facing unprecedented health and economic crises that require a global solution. Governments have locked down their economies to contain the mounting death toll from the COVID-19 pandemic. With this response well underway, now is the time to move into a recovery effort.
Issue Brief by Phil Thornton
Tue, Jul 7, 2020
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This paper is a preliminary look at the geopolitical implications of the COVID-19 pandemic and sketches three scenarios for the possible direction of the global system post-COVID-19.
In-Depth Research & Reports by Mathew Burrows, Peter Engelke
Sat, May 23, 2020
Mathew Burrows and Bob Manning in The Hill about a global “Manhattan Project” to end pandemics
In the News by Atlantic Council
Tue, May 5, 2020
Democratic solidarity and the road ahead
The United States needs to lead in devising both immediate and systemic responses to the coronavirus challenge, but not alone. Leadership means neither diktat nor incantation of old formulas. It means using American convening power to adapt tested principles to new challenges, crystalizing friends and allies—transatlantic, transpacific and not forgetting hemispheric—around a common agenda.
New Atlanticist by Ana Palacio and Daniel Fried