Insights | Fiscal policy expert: Anchoring long-term development goals necessary while coping with short-term shocks

At a time when the global macroeconomic landscape is clouded with uncertainty and external shocks are striking in succession, "safety buffers" have become the core keywords for fiscal policies worldwide.
"It requires a medium- and long-term perspective to rebuild the fiscal buffer, so that fiscal authorities, first of all, need to set a clear, credible fiscal anchor," said Seung Hyun (Luke) Hong, group head of Fiscal Surveillance at the ASEAN+3 Macroeconomic Research Office (AMRO), in a recent exclusive interview with China News Network. ...