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Economic outlook : time to act

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      <subfield code="a">The global economy is losing steam in 2019 and 2020. After a tumultuous start to the year though, positive policymaking developments have helped ease uncertainty. Central banks across advanced markets have put their plans for policy normalisation on hold; China has ramped up fiscal and monetary stimulus to boost its growth rate; and trade tensions had momentarily eased. Ongoing uncertainty regarding the trade war continues to cloud the outlook but it remains relatively benign.</subfield>
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