I thought you might find this update helpful to understand the government’s actions to stabilize the economy. Lawmakers finally came together on a bipartisan stimulus package that was signed into law on Friday, March 27th. The $2 trillion dollar stimulus package known as the CARES Act will act as a lifeline for businesses and employees while the government shutdown persists. The graphic below breaks down the different buckets of the package and how funds are being distributed.
On top of support for large and small businesses, the bill also provides support for hospitals and drug makers that are working to fight and contain the virus. Details are still being provided on the logistics and timing of payments and programs, but officials have been adamant about rolling these out as soon as possible.
The CARES Act is just one aspect of the measures currently being taken to minimize the damage from the virus. The graphic below summarizes the various containment, monetary and fiscal measures that have been taken to control the spread of the virus and provide support to the economy through this difficult stretch.
We will continue to monitor the government’s actions and keep you informed as to the current developments and our approach to the market situation. All the best to you and your families.
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