Stimulus policies are expected to play a crucial role in boosting aggregate demand and driving a stronger economic recovery in the second half of 2023. Aggregate demand weakens The global economy has been grappling with uncertainties since the start of 2023, primarily due to persistently high inflation, according to Associate Professor Dr. Nguyen Thanh Hieu, vice president of the National Economics University. This has prompted numerous central banks to adopt tight monetary policies, resulting in a deceleration of growth in major economies. Geopolitical factors, including the ongoing Russia-Ukraine military conflict, […]
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