September 21, 2009 / 2:01 PM / 10 years ago

FACTBOX: G20 economic stimulus: size and impact

(Reuters) - G20 governments have pledged discretionary spending worth 2 percent of gross domestic product (GDP) in 2009 and 1.6 percent in 2010 to help counter the global crisis, International Monetary Fund staff have estimated.

G20 leaders meeting in Pittsburgh, United States, on September 24-25 are expected to commit to maintain stimulus until the economy shows signs of sustainable recovery.

Here is a summary of the IMF estimates, which can be read in greater detail on

here

ROLLOUT: Implementation rates are hard to gauge but a few countries that provide details gives an idea of rollout speed:

*UNITED STATES: stimulus outlays speeding up and $64 billion paid out by mid-July, which when combined with $50 billion of tax breaks provided, amounts to about 41 percent of expected annual stimulus of $283 billion

*CANADA: 81 percent of planned stimulus for 2009 has been committed in the sense that it is available to spend

*FRANCE: 60 percent of planned 2009 stimulus has been paid out: full payout of tax credits and 26 percent payout of other stimulus spending

GDP IMPACT:

IMF estimates of the potential impact in terms of GDP vary hugely, according to the so-called multiplier or GDP-enhancing potential attributed to the measures announced

*G20-wide impact: in 2009, 1.2-4.7 percentage points added to GDP. In 2010, 0.1-1.0 percentage points added to GDP

*Advanced countries: in 2009, 1.3-4.4 percentage points and in 2010, 0.1-1.1 points

*Emerging market countries: in 2009, 1.1-5.0 percentage points and in 2010, 0.0-0.8 points

DEFICIT AND DEBT:

Deficits: (overall fiscal balance as percentage of GDP)

*G20-wide: deficit rises from 1.1 percent pre-crisis in 2007 to 8.1 in 2009, then drops to 6.9 percent in 2010 and to 3.1 percent in 2014

*Advanced G20 countries: deficit rises from 1.9 percent in 2007 to 10.2 percent in 2009, then drops to 8.7 percent in 2010 and 4.3 percent in 2014

*Emerging market G20 countries: deficit rises from 0.2 percent in 2007 turns to deficit of 4.9 percent in 2009, then drops to 4.2 percent in 2010 and 1.2 percent in 2014

Debt: (general government debt, gross, as percentage of GDP)

*G20-wide: goes from a pre-crisis 62.4 percent in 2007 to 76.1 percent in 2009, 82.1 percent in 2010 and 86.6 percent in 2014

*Advanced G20: rises from 78.8 percent in 2007, 100.6 in 2009, 109.7 in 2010 and 119.7 in 2014

*Emerging market G20 countries: rises from 37.5 percent in 2007 to 38.8 in 2009 to 40.2 in 2010 and eases to 36.4 percent in 2014

compiled by Brian Love

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below