Recovery from the global economic downturn is likely to be “slow and weak”, even if governments pull out all the stops on fiscal stimuli, monetary policy and financial sector repair, the International Monetary Fund said yesterday.
It said monetary policy had not been very effective in combating recessions associated with financial crises in the past, probably because of the damage to the financial sector. By contrast, fiscal stimuli by countries with moderate debt levels had proved to be “particularly helpful” in fighting such downturns.
“Governments can break the negative feedback between the real economy and financial conditions by acting as spender of last resort,” the IMF said.
您已阅读78%（688字），剩余22%（189字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。