Fiscal is the new stimulus drug as stock markets seek driver

Hong Kong: The next push for the global economy may come from governments instead of central banks – and the outcome for markets could be messy.

Synchronised monetary easing helped keep global stocks and bonds afloat amid a succession of bruising trade disputes and geopolitical flare-ups in 2019. But the effect may tail off soon, and an array of government spending measures designed to fuel growth may produce much more divergent results.