Economic stimulus

President Donald Trump awards the Presidential Medal of Freedom to economist Arthur Laffer, Wednesday June 19, 2019, in the Oval Office of the White House in Washington. (AP Photo/Jacquelyn Martin)

FILE - In this Thursday, May 16, 2019 file photo, European Central Bank President Mario Draghi arrives for a meeting of Eurogroup Finance Ministers at the European Council headquarters in Brussels. The European Central Bank stands ready to cut interest rates and could re-start its bond purchase stimulus program if needed to help the economy, President Mario Draghi said Tuesday June 18, 2019, in a speech at an ECB conference in Sintra, Portugal. (AP Photo/Francisco Seco, File)

FILE - In this Feb.26, 2013 photo, a job seeker enters a job center (Pole Emploi), in Nice, southeastern France. French President Emmanuel Macron's government has unveiled its plan to tighten the country's unemployment benefits. All major workers unions denounce the reform as unfair and damaging to the country's social system. (AP Photo/Lionel Cironneau, File)

France's Prime Minister Edouard Philippe delivers a speech at the National Assembly, in Paris, Wednesday, June 12, 2019. France's prime minister vowed to keep reforming the country's economy through changes to the unemployment benefits, the pension system and tax cuts for middle-class workers. Edouard Philippe laid down Wednesday the government's upcoming priorities at the lower house of parliament, the National Assembly. (AP Photo/Thibault Camus)

FILE - In this Friday, Oct. 4, 2013, file photo, economist Arthur Laffer, known as the "father of supply-side economics" and who was an economic adviser to President Ronald Reagan, speaks to an executive committee meeting of the California Republican Party at their convention in Anaheim, Calif. President Donald Trump is set to award the Presidential Medal of Freedom to Laffer. (AP Photo/Reed Saxon, File)

Customers shop at a toy store in Beijing, Wednesday, May 15, 2019. For many Americans, President Donald Trump's trade war may soon get very real. His administration is preparing to extend 25% tariffs to practically all Chinese imports not already hit with duties, including toys, sneakers, shirts, alarm clocks, toasters and coffeemakers. (AP Photo/Mark Schiefelbein)

The sun rises behind the buildings of the banking district in Frankfurt, Germany, Sunday, Jan. 20, 2019. (AP Photo/Michael Probst)

In this Jan. 17, 2019, photo, women take a selfie as others tour at the Yu Garden decorated with pig statues for Lunar New Year in Shanghai. China’s 2018 economic growth fell to a three-decade low as activity cooled amid a tariff war with Washington. (Chinatopix via AP)

FILE - In this Dec. 3, 2018 file photo, Mexico's President Andres Manuel Lopez Obrador holds his first news conference as president, which started at 7 a.m. local time in Mexico City. Lopez Obrador has published a financial disclosure form on Thursday, Jan. 3, 2019, that reveals relatively few possessions and the fact that his wife makes more than he does. (AP Photo/Christian Palma, File)

This photo taken on Thursday, Nov. 15 2018, shows an exhibition in Tallinn presenting Estonia's digital achievements. The Baltic nation of 1.3 million people are engaged in an ambitious project to make government administration completely digital to reduce bureaucracy, increase transparency and boost economic growth. (AP Photo/David Keyton)