REVIVING ECONOMY

The European Union (EU) proposed an unprecedented stimulus package worth 750 billion euros ($846 billion) in May to address the COVID-19 fallout.

Countries have also taken steps to spur spending by providing citizens with bonuses and vouchers while keeping precautionary measures in place.

On Wednesday, German Chancellor Angela Merkel unveiled a stimulus package of nearly 147 billion dollars for 2020 and 2021, which includes a temporary reduction in sales tax and a child subsidy worth 340 dollars per child.

Austria's capital of Vienna is running a "Vienna Gastro Voucher" campaign from June to September, with vouchers handed out to some 950,000 households.