IMF urges public spending to create jobs for COVID-19 recovery - UPI.com

Governments should significantly boost social and infrastructure spending during the coronavirus pandemic to leverage millions of new jobs in the post-COVID-19 world, the International Monetary Fund said Monday.


IMF economists in a new report advocated borrowing at current low interest rates to bolster public investments in key areas such as healthcare, public housing, digitalization and environmental protection -- which, they say, could create 7 million jobs directly and more than 30 million jobs total.