How did the Cares Act help the global economy ?? Are other country's governments intervening more or less than ours ??

Answer: Cares Act of (U.S.A)help the global economy in the following ways

1. Supporting Small and medium enterprise will boost the economy, that will help global trade as well.

2. Supporting unemployed individuals will raise income and hence the demand for goods and services that will directly support the import of goods.

3. Short-term credit allocation with cares act will help sustain business in pandemic times which is important for global trade as well.

4. Support to local governments in improving healthcare facilities will indirectly support the global economy, as healthier individuals are more inclusive to have more demand.

Are other country's governments intervening more or less than ours?

Answer

Yes, the other countries are intervening more in term of fiscal stimulus( as a share of there GDP)

Japan is number one with 21.1 %, followed by Canada in second place (16.4 %), Australia at 3rd place (14 %), and the USA (13.2 % ) in 4th place.