Which country recently unveiled $3.7 billion package to mitigate COVID-19 crisis?
With increasing new cases of COVID-19 wreaking havoc in the economy, Malaysia unveiled $3.7 billion package to mitigate the impact. This package includes cash support for poor, tax breaks and wage subsidies. This comes a week after the government declared a state of emergency, allowing the enactment of immediate laws to contain the spread of the virus. This package is worth 1.1% of the country’s GDP.
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