Only multilateralism can help world overcome global crisis

The Business Times

US protectionist policies continue to disrupt supply chains and discourage investment around the world. These factors will not only make the next recession more severe; they also are making it much harder to organise a global response. There is already near-unanimous support for fiscal and monetary stimulus to soften the blow from the pandemic. But in the absence of multilateral coordination, these policy responses will issue haphazardly from individual countries.

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