G-20 report says move from stabilisation to growth requires ‘difficult balancing act’
A report published today following the Group of 20 (G-20) meeting of finance ministers and central bank governors has said policy-makers must perform a "difficult balancing act" if countries are to move from stabilisation to growth.
The report, a staff note by the IMF to the G-20, stressed that while a "comprehensive and ambitious" medium-term fiscal consolidation plan was essential, in the short run fiscal tightening should not choke off the recovery. "In the UK, for example, greater
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