Coronavirus: Key steps taken by wealthy nations to combat the fallout

Governments are leaving no stones unturned to contain the damage caused by the coronavirus pandemic. Most countries have announced or are in the process of doling out large packages to help individuals and business tide over the crisis. Here is a quick look at major announcements:

US

The world’s largest economy has been hit hard by the virus outbreak, with its markets dropping nearly 30 per cent. The Donald Trump government is working on a scheme to directly pay individual Americans. The cost of this package is pegged at a whopping $1.2 trillion. The proposal has brought the concept of’ 'helicopter