Fiscal Monitor Report Update: Deficits in many advanced economies fell significantly during 2011 says IMF
Jan 24th, 2012 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The IMF (International Monetary Fund) says today in its latest Fiscal Monitor report that deficits in many advanced economies fell significantly during 2011, and most plan substantial adjustment this year. The Fund said continued adjustment is necessary for medium-term debt sustainability, but should ideally occur at a pace that supports adequate growth in output and employment.