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UBP: Expansionary fiscal policies without structural reform and political will only work in “augmented reality”

Global leaders’ commitment to expanding fiscal measures at the recent Chengdu G20 meeting is undoubtedly a positive step towards growth, but UBP is of the view that “believing that expansionary fiscal policy alone can fix the current economic environment only works in augmented reality”. According to the Swiss private bank, expansionary fiscal policy tends to be more effective in economies where…

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