IMF says governments working on reducing debt and boosting growth; Average of countries’ deficits is projected to dip to 5% of GDP in 2011
Nov 5th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Many governments have outlined their plans over the next few years to help reduce their countries’ deficits and improve prospects for long-term economic growth. Some countries have already begun to cut back, and by next year nine out of ten will be reducing their deficits, the IMF says in a new study. Average of countries' deficits is projected to decline to 5% of GDP in 2011.