IMF : World Economic Outlook : Recovery and Rebalancing will hurt


This week will see the publication of the hard numbers on world growth from the International Monetary Fund as part of the Autumn World Economic Outlook. The appetiser last week has been a review of the likely impact of fiscal consolidation on growth and employment. The good news according to the IMF is that fiscal consolidation effected through spending cuts has clear long tern benefits and is infinitely preferably to tax hikes.
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