IMF has released a Staff position note: Fiscal implications of the global economic crisis. Conclusion of the note is simple the global fiscal outlook is somber. Present fiscal cost of the crises + aging populations in advanced economies will strongly contribute to increase in DEBT/GDP ratios in the future. Also this momentum may raise the question of fiscal solvency. What is then the next big thing?
a) rising inflation
b) fiscal insolvency
c) a+b
or c) (put here something optimistic) 
Showing posts with label Fiscal outlook. Show all posts
Showing posts with label Fiscal outlook. Show all posts
Wednesday, June 10, 2009
the global fiscal outlook is somber
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