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.
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