Anthony Dass: To avoid fiscal stimulus from raising interest rate and crowding out private investment, this is where monetary policy comes into place. It needs to create ample liquidity and keep interest rates low to support private sector.
THE strength of the global economy is tunnelled by a series of issues and is placing the global economy in a “precarious” situation.
Trade conflicts which remain open ended and can cut across many countries are undercutting investment and weakening manufacturing. Prospects for a no-deal Brexit, high debt levels, geopolitical tensions and sharper slowdown than expected in the United States, China and eurozone raise uncertainty and drills into global growth.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
