The stimulus package will increase the national debt by 8%


8 percent national debt increase to be result of COVID-19economic stimulus packageQ4 2019 hedge fund letters, conferences and moreRepresentation Of The Stimulus Package To The GDPJeoff Hall, Managing Economist, Refinitiv IFRcomments:“It’s meaningful to compare the size of the economy in Q4 2007 (before the Great Recession) to that in Q4 2019 (the last data point we have before what will surely be a technical recession). U.S. GDP ended 2007 at $14.48 trillion, with the stimulus package representing about 5.5%. GDP ended 2019 at $21.43 trillion, with the proposed stimulus package representing ab…

Read More