The United States could not agree on a new package of assistance to the economy in connection with the coronavirus.
The global stock markets on March 23 began a new work week with a fall due to the fact that the US Congress could not agree on the allocation of $ 2 trillion to support the economy in connection with the economic crisis. Because of the coronavirus pandemic, panic and crisis continue in global financial markets.
Key US trading indices in Europe fell. In particular, the S & P 500, which indicates the value of shares in the 500 largest US companies, fell 2.8%. At the same time, European stocks fell as well – the Stoxx Europe 600 index fell 4%. Shares of Asian companies fell 3.2%.
Among other things, the government package of assistance to the American economy included the payment of $ 1,000 to each adult in America to stimulate consumer demand among the population. Such measures were resorted to during the 2008 economic crisis.