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

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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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US President Donald Trump addresses the 74th session of the United Nations General Assembly at the UN headquarters in New York on September 24. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

US-China trade war and Trump impeachment inquiry are weighing on the global economy, but fears of a recession are unfounded

  • Wherever one looks, it seems like all the market news is downbeat, but a recession in the US remains less likely than many believe
  • Moreover, with the 2020 presidential election looming, Donald Trump may have good reason to de-escalate his trade conflict with China

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US President Donald Trump addresses the 74th session of the United Nations General Assembly at the UN headquarters in New York on September 24. Photo: Reuters
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