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Developing economies in East Asia and the Pacific now face the prospect of a global financial shock and recession over COVID-19 Pandemic. The World Bank

"Developing economies in East Asia and the Pacific now face the prospect of a global financial shock and recession over COVID-19 Pandemic. The World Bank sharply revised its GDP growth projection for Malaysia this year, from 4.5% to -0.1%." Based on this statement, explain how monetary policy can be used to speed up the economic growth. Support your answers with any four (4) appropriate monetary tools. (20 marks)

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