declared a state of emergency, allowing the government to enact immediate laws to contain the pandemic and support the
The move had raised concerns about the government’s ability to stoke activity amid limited fiscal space and a relatively high debt load.
The package amounts to 1.1 per cent of GDP and the “relatively conservative amount is essentially a sign that fiscal space to do large-scale stimulus is limited,” said Wellian Wiranto, an economist at Oversea-Chinese Banking Corp. “Any impact on the overall budget deficit figure is likely to be contained.”
Health authorities in Norway say there’s no evidence of a direct link between the recent string of deaths among elderly people inoculated against Covid-19, and the vaccine they received. The Norwegian Medicines Agency is seeking to address fears that taking the vaccine might be too risky, after 33 people in the country aged 75 and over died following immunisation, according to the agency’s latest figures. All were already seriously ill, it said.
The world is on the "brink of a catastrophic moral failure" if rich countries hog vaccine doses while the poorest suffer, the head of the WHO said. WHO director-general Tedros Adhanom Ghebreyesus denounced the "me-first" attitude of wealthy nations.
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