IMF’s new prescriptions

Abstract

It has begun to realise that wisdom can also be gleaned from the experience of emerging economies

The IMF has spoken. In its latest World Economic Outlook, the IMF forecasts that the advanced countries will continue to be in a difficult situation, with a grim fiscal position and vulnerable financial markets. In contrast, emerging markets have done well on the fiscal front and are expected to continue with a neutral fiscal policy in the medium term. There were lessons to be learnt from the emerging economies that, if shared earlier, could have saved the global economy from this unprecedented recession. Read more at: http://archive.indianexpress.com/news/imf-s-new-prescriptions/1109819/