fiscal stimulus

So far, the US has only regained 11.417 million of the 22.160 million jobs lost from the pandemic in March and April.

Singapore’s large pool of fiscal reserves is proving to be a boon for the nation’s currency.

Contrary to over-optimistic markets, the global economy is

Covid-19, and the economic crisis it has triggered, is stretching this tension between saving- and the current-account to the breaking point. The culprit: exploding government budget deficits.

In the absence of a viable and scalable vaccination programme, trying to project demand, supply, revenues and margins over the next two to three quarters is a largely futile exercise.

“Governments worldwide are unleashing fiscal support measures, but not all fiscal packages are the same,” said Chua Hak Bin, a senior economist at Maybank Kim Eng Research in Singapore.

“We must make these hard decisions, make the difficult adjustments, and do all that we can in the next few months, to protect the lives of our people,” says DPM Heng on the month-long circuit-breaker

(Apr 9): Five months into the Covid-19 pandemic and there remains much that we do not know about the virus. Every government is grappling with the unknown, from the most powerful nations in the world, including the US and the UK, to the smaller, emerging

Investors must recognise that with policy rates near their effective lower bound and fiscal policy becoming a more important driver, that the equity-bond correlation can become less negative.

Along with the westward move of this unfolding health care crisis, markets have declined and become increasingly volatile. In addition, steeply falling oil prices have worsened the situation.