GLOBAL & REGIONAL MONTHLY (Thursday, 31 October 2019)
Risk sentiment improved in October, as some of the biggest downside risks facing the global economy have eased.
However, incoming data point to weakening global economic momentum, as weakness in manufacturing and trade-related sectors has begun to be spreading to services.
Against this backdrop, fiscal policy should play a more vigorous role, especially in countries where the space for more monetary policy accommodation is limited.
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