News of the Fed’s September 18 interest rate cut is displayed on a New York Stock Exchange monitor. Globally, interest rates are already very low. Photo: AP News of the Fed’s September 18 interest rate cut is displayed on a New York Stock Exchange monitor. Globally, interest rates are already very low. Photo: AP
News of the Fed’s September 18 interest rate cut is displayed on a New York Stock Exchange monitor. Globally, interest rates are already very low. Photo: AP
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

More policy easing won’t get the global economy out the mud – government spending might

  • Central banks like the Fed and ECB can hit the accelerator of policy easing all they like but the moribund global economy can only gain traction if governments start spending and geopolitical tensions ease

News of the Fed’s September 18 interest rate cut is displayed on a New York Stock Exchange monitor. Globally, interest rates are already very low. Photo: AP News of the Fed’s September 18 interest rate cut is displayed on a New York Stock Exchange monitor. Globally, interest rates are already very low. Photo: AP
News of the Fed’s September 18 interest rate cut is displayed on a New York Stock Exchange monitor. Globally, interest rates are already very low. Photo: AP
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