HSBC says rate cuts aren't enough — governments need to spend to escape recession

Business Insider

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· *Central banks have relied on rate cuts to stimulate their economies, but HSBC has argued government spending may also be needed to fight recessions.*
· *Cutting interest rates, already close to or in negative territory, may not prevent slowdowns alone due to geopolitical pressures, HSBC said.*
· *The bank said fiscal...

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