In a commentary, SMU Adjunct Professor and Institute of Southeast Asia Studies Visiting Senior Research Fellow Joergen Oerstroem Moeller noted that the global economy has been so mired in low growth and imbalances over the past decade or so, that poor expectations have set in among the major players, who seem unable to figure out that the only way ahead is with coordinated policy measures. Monetary policy pursued by major central banks are discrepant, threatening a kind of economic warfare about who can outmanoeuvre who – ultimately making all of them losers with disastrous consequences for the economies that they should shield and protect.