mishtalk.com / Mike “Mish” Shedlock / April 13, 2016
IMF chief Christine Lagarde is worried that public finances around the world threaten to undermine the global recovery.
Despite deteriorating finances, the IMF urges strong countries to spend more and the weaker one to cut budgets less.
The US allegedly has “strong finances”.
Before we get into US finances, please consider IMF Fears Worsening Public Finances Threaten the Recovery.
Public finances across the world are deteriorating, threatening to undermine the global recovery, the International Monetary Fund warned on Wednesday.
Urging nations to find a “comprehensive policy package” to improve growth and public finances, the fund said action was urgently needed to reduce vulnerabilities in the global economy it has been highlighting in Washington this week.
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Thanks to BrotherJohnF