$54 Billion and Counting: U.S., Europe, Asia Respond to Virus

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(Bloomberg) — Governments around the world have opened up the fiscal spigots to fight the spread of the coronavirus outbreak.

More than $54 billion in budget support has already been pledged or is under consideration to counter the virus’s impact, with governments adopting a mix of cash handouts, tax breaks and transfers.

While numerous Asian countries have alloted funds, Europe’s spending is almost entirely confined to Italy, where the outbreak has taken a particularly big toll. The U.S. has earmarked $7.8 billion.

The World Bank separately has allocated $12 billion in virus aid for developing economies.

Here’s a look at what’s been announced by governments so far:

(Updates with World Bank pledge, status of U.S. stimulus bill)

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