Policy vs Pandemic: Contagion outpaces consensus on response
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BRUSSELS (Reuters) - As the contagion from the coronavirus pandemic wrecks the global economy, Western policymakers are struggling to find a consensus on how best to contain the crisis as financial markets crumble.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 a major..