Global economic policy now hinges on China’s next move

Singapore is poised to roll out extra spending, Malaysia will announce stimulus next month, while Indonesia plans faster spending. FMTNews Singapore

Globally, policy makers including the IMF’s Georgieva Federal Reserve Chairman Jerome Powell say they are closely watching the virus fallout.

Among emerging markets, Thailand, Malaysia and the Philippines have already cut their benchmarks and others may follow.“I would guess the global policy response will be 3/4 on Beijing and 1/4 by the rest of the world,” said Gene Ma, head of China research at the Institute of International Finance.

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