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Central bank actions make H2 recovery from pandemic possible
But monetary and fiscal tools can only do so much against virus until infections come under control, say economists
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Vivienne Tay
Published Fri, Mar 20, 2020 · 09:50 PM
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Singapore
SWIFT measures by central banks will likely set the stage for economic recovery in the second half of the year, as long as the novel coronavirus pandemic wanes, said economists.
Rapid and large-scale macro policy responses are all about damage limitation in the near term, according to Fitch Ratings chief economist Brian Coulton in a note on Friday.
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