IMF says budget deficits in industrialised countries will remain sky-high in 2010; Economic recovery partially relies on confidence
Apr 27th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Budget deficits in industrialised countries will remain sky-high in 2010 in spite of reduced spending on fiscal stimulus packages, the International Monetary Fund (IMF) warned on Sunday. The IMF Managing Director Dominique Strauss-Kahn said in Washington DC on Saturday that economic recovery partially relies on confidence.