IMF Wants Stimulus Not Austerity
Published / Last Updated on 04/09/2011
IMF Wants Stimulus Not Austerity.
The International Monetary Fund (IMF) has wanted that the global economy is facing a downward spiral and has called on the US and Europe to ditch fiscal austerity and switch to stimulus measures.
Managing director of the IMF, Christine Lagarde, believes that if governments, institutions and central banks work together, they can avoid recession.