Austerity not working, claim IMF economists

International Monetary Fund claim austerity measures aren’t good for global economyInternational Monetary Fund claim austerity measures aren’t good for global economy

Economists from the International Monetary Fund have issued a stern warning that austerity measures promoted by countries such as the UK and Germany aren’t helping to grow the global economy. The IMF article blames the last few decades of neoliberal strategies, arguing that while the expansion of global trade has lifted millions out of poverty and the privatisation of state-owned enterprises has led to the more efficient provision of services, the approach has failed to deliver in other areas. Read more…

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