Ample savings: A file picture showing the Rain Vortex in the Changi Jewel Airport. Singapore is a model to emulate in implementing a sound reserves management strategy. — AFP
GOVERNMENTS and central banks around the world have been allocating billions and trillions for fiscal packages and monetary stimulus measures to counteract the raging Covid-19 global outbreak.
Many of the extraordinary measures involve direct fiscal actions, interest rate cuts, liquidity injection and quantitative easing.
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