Overview of the COVID-19 American Rescue Plan

Overview of the COVID-19 American Rescue Plan

The American Rescue Plan is the $1.9 dollar trillion fiscal stimulus to the US economy initiated by President Biden and signed into law on the 11th of March 2021. In this video, Corrado introduces the $1.9tn American Rescue Plan, and the areas that will be targeted. He also outlines the predicted impact of the plan on US and Global GDP.
Overview

The American Rescue Plan is projected to boost GDP growth and provide economic aid specifically to the medium-low income households/individuals. The plan will have global spillover effects with world output expected to increase by 0.9%.

Key learning objectives:

  • What is the American Rescue Plan?

  • What are the key elements of the economic aid package?

  • Will the stimulus have a spillover effect to other parts of the world?

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Summary
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Expert
Corrado Macchiarelli

Corrado Macchiarelli

Dr. Corrado Macchiarelli is the global macroeconomics research manager in the macroeconomic modeling and forecasting team at NIESR (National Institute of Economic and Social Research). He is also the managing editor of the National Institute Economic Review (Cambridge University Press).

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