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IMF: The crisis is not over, keep spending (wisely) – Reuters


“Support ought to be maintained in the course of the crisis. A untimely withdrawal of guide would symbolize in addition injury to livelihoods and make bigger the probability of considerable bankruptcies, which, in turn, should abate recovery.”

“In such a scenario, the scars of the disaster would in all likelihood emerge as lots deeper.”

“In economies with restrained spending capacity, in addition prioritization of spending might also be integral to defend the most vulnerable.”

Market implications
The above document had little to no have an effect on on the market sentiment, which stays lifted amid expectations of a Blue sweep at the US election.

The US greenback index drops 0.42% to clean three-day lows of 93.72 on the election day.


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