(Lindsay Dunsmuir – Reuters)
Political and economic realities in the United States, Europe and China are all clouding the global fiscal outlook but countries should still press forward with nuanced tax and spending policies, the International Monetary Fund said on Wednesday.
The international lender’s temperature check on the fiscal situation of the global economy also said that overall public debt in advanced economies should stabilize in the medium term while fiscal deterioration in emerging economies appeared at an end.
“The lack of specificity about the size and composition of the expected fiscal stimulus in the United States, a number of elections in Europe, and the upcoming party congress in China all contribute to policy uncertainty,” the IMF said. Click here to read more.