fiscal stimulus

SINGAPORE (Mar 20): The Covid-19 outbreak serves as a stark reminder that the trajectory of the global economy can swing drastically and with little warning. While the ultimate impact on global GDP is highly uncertain, the Asean+3 Macroeconomic Research O

It is also important to look beyond the immediate crisis because there are likely to be substantial changes to come from this pandemic.

Looking ahead, unless the coronavirus is eradicated globally, it could always return, or even become a seasonal disruption.

The price of bitcoin, referred to by many as “digital gold”, surpassed the US$10,000 mark on Feb 12, a feat not achieved since September last year.

The announcement comes weeks after the central bank lowered the overnight policy rate by a quarter-point to 2.50%, to counter risks from the virus to an already slowing economy.

he Federal Reserve’s move to slash its key interest rate by a full percentage point to near zero over the weekend failed to stem declines, while containment and stimulus measures announced by several countries elicited a similar reaction.

The new package, which follows US$745 million ($1.05 billion) in stimulus announced last month, comes amid a deteriorating outlook for Indonesia’s economy.

One cannot rule out the possibility of a prolonged pandemic causing far more extensive damage to economies, owing to business failures, declining employment, faltering private investment and weak or late policy responses.

The mobile operator’s revenue will track the economic slowdown, but recovery will be V-shaped, like the one after the SARS epidemic in 2003

(Aug 28): Asian governments are trickling out fiscal stimulus amid a deepening exports slump, bolstering central bank efforts to shore up their economies as the global mood darkens.