SINGAPORE (Mar 17): The US government could turn towards “controversial policies” in its battle against economic damage from the Covid-19 outbreak, according to Steve Donzé, a senior macro strategist at Pictet Asset Management.

While some of these would have previously been dismissed as “impossible”, Donzé says the US could pull out all stops to “avoid a deflationary spiral”.

One such move is helicopter money – the direct transfer of money to consumers to induce spending.

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