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Many governments have announced large amounts of fiscal support in the wake of the pandemic. But some countries, including the U.S., have shown "a degree of fiscal fatigue," said Shaun Roache, chief economist for Asia Pacific at S&P Global Ratings.With the coronavirus pandemic exacerbating a slowdown in the global economy, governments around the world may have no choice but to extend fiscal support to businesses and households, he said.Roache explained that additional spending will worsen the balance sheets of governments, but it's necessary to "prevent things from getting even worse."

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Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please...

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

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