How government payments to the vulnerable can multiply to create economic…

The economic fallout of COVID-19 left people around the world facing a significant threat to their livelihood. As governments scrambled to mitigate the pandemic’s impact on their populations, many decided to use direct payments to support vulnerable citizens. More than a sixth of the world’s population received some sort of cash transfer in 2020. These programmes were a key source of support for many people during the COVID-19 pandemic, with governments across the globe scaling up or introducing such payments. Brazil, for example, introduced the Auxílio Emergencial programme, while the US implemented Economic Impact Payments . Both…