IMF joins Powell, Lagarde urging governments to keep spending3 min read 14 Oct 2020, 07:07 PM IST
IMF said global government debt will 'make an unprecedented jump' this year, but it’s 'not the most immediate risk. The near-term priority, instead, is to avoid premature withdrawal of support'
The International Monetary Fund said more public spending will be needed to complete the economic recovery from coronavirus, joining central bankers and finance leaders who are urging governments to set aside fears about mounting debt for now.
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