IMF statement
February 09, 2009 at 14:02 PM EST
[Skip to the end] “Ten days ago, the IMF cut its world-growth estimate for this year to 0.5 percent, the weakest pace since World War II. Stimulus packages alone won’t succeed in dragging the global economy out of recession unless confidence is restored in the banking system, Strauss-Kahn said today.” I do not agree. An ongoing fiscal adjustment [...]
