US agrees on $2 trillion relief package to counter economic effects of coronavirus outbreak
In a historic moment the US Congress agreed on unprecedented economic rescue package. Among the introduced measures a direct payment for every adult in the US of up to $1’200 and $500 per child. Numerous funds for corporate and liquidity assistance as well as bail out for the medium and small firms across the nation. The flip side of the measures is expected recession and bankruptcies across the board for numerous companies in the US. While the American government has the financial muscle to deal with the issue many developing countries don’t. In that regard by the end of the year and into the next Deriveum would be very much sought after solution for risk sharing.
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