Home / World News / Biden stimulus plan could boost US output by 5% over three years: IMF

Biden stimulus plan could boost US output by 5% over three years: IMF

Gita Gopinath told a news conference the measures in the proposed package could add as much as 1.5% to US growth in 2021

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US President Joe Biden signs executive orders in the Oval Office of the White House in Washington, after his inauguration as the 46th President of the United States. Photo: Reuters

Reuters

1 min read Last Updated : Jan 26 2021 | 7:57 PM IST

Preliminary estimates show US President Joe Biden's proposed $1.9 trillion economic stimulus package could boost US economic output by 5% over the next three years, the chief ecnomist of the International Monetary Fund said Monday.

Gita Gopinath told a news conference the measures in the proposed package could add as much as 1.5% to US growth in 2021, when the IMF projects the US economy will expand by 5.1% after a 3.4% contraction in 2020.

Topics : Joe Biden Gita Gopinath Coronavirus Fiscal stimulus International Monetary Fund United States US economy

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