Pandemic vs Policy: contagion outstrips global containment consensus
Share:
NEW YORK/BRUSSELS (Reuters) - As the contagion from the coronavirus pandemic wrecks the global economy, Western policymakers are scrambling to find a consensus on how best to contain the crisis pummelling financial markets.While governments have agreed to ditch decades of fiscal orthodoxy to flood their economies with cash, arguments over how the vast sums of money should be spent are stalling measures to prevent a global recession becoming a debilitating slump.The U.S. Federal Reserve unveiled..