Covid-19 has wreaked havoc on the world's economy. According to the latest IMF estimates, the...
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Covid-19 has wreaked havoc on the world's economy. According to the latest IMF estimates, the global economy will shrink by 3% this year and that the global economic output will tumble by about $9 trillion over two years. Oman has not been immune either from this global economic slowdown. In the current economic conditions, whether Oman should adopt a simulative or a restrictive monetary policy? Given your chosen policy, what monetary actions would you recommend to the Central Bank of Oman?
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