COVID-19, the Future of the Global Economy and the $2 Trillion Fiscal Stimulus Package

On Thursday, March 26, 2020, CKA’s Executive Director Abraham Kim moderated a webinar conversation with two global economic and political risk experts from Eurasia Group: Robert Johnston, Ph.D., Managing Director, Energy, Climate & Resources & Executive Advisor, Eurasia Group and Meredith Sumpter, Head, Research Strategy & Operations, Eurasia Group. We discussed the outlook for the U.S. and the long-term effects of COVID-19 on the global economy. We also explored the various future economic scenarios following the passage of the $2 trillion fiscal stimulus package being considered in the U.S. Congress. Will this be enough to restart the economy and combat the recession? What are the factors to look for if our economy will get back on track? With this astronomical uptick in fiscal spending and government debt, what is the overall effect on the economic stability and health of the U.S. economy?