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MARCH 2009 —

The global economic crisis continues to demand urgent policy responses as growth rates plunge in all of the major advanced and emerging economies. To stem the tide of economic woes and restore economic growth, numerous countries have implemented fiscal stimulus plans. The G-20 countries, in particular, pledged in November 2008 to aggressively use fiscal measures to reinvigorate their economies. How have they been doing on that promise and what do the stimulus plans they have announced so far look like?

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