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The time has come for expansionary fiscal policy, say economists
Panel floats central bank-issued digital currencies as a solution
Published Thu, Oct 24, 2019 · 09:50 PM
Singapore
WITHOUT a full-blown recession, expansionary fiscal policy still looks unlikely, but the topic is gaining ground, Swiss-Italian economist Beatrice Weder di Mauro noted on Thursday.
Her comments came on the heels of central bank chief Ravi Menon's statement that not every economic threat is tackled by monetary policy.
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Central banks will probably only cut half as much as they hiked