Asian Economies Need Both Monetary and Fiscal Stimulus, Says Scotiabank’s McCully

Asian Economies Need Both Monetary and Fiscal Stimulus, Says Scotiabank’s McCully

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Business

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The transcript discusses the IMF's support for central bank easing and the need for fiscal support amid global economic uncertainty. It highlights the impact of the US-China trade conflict on Asia's economy and the global trend of lowering interest rates. The role of central banks in mitigating trade war effects is limited, with consumer resilience in China and the US being a bright spot. The outlook remains uncertain, with consumer sentiment playing a crucial role.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways can fiscal support influence economic growth during uncertain times?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential long-term effects of the ongoing trade war on consumer sentiment in the US?

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