Stimulus is a solution, but be wary of fiscal deficit, says IMF’s Gita Gopinath4 min read . Updated: 10 Apr 2020, 12:47 AM IST
- The IMF chief economist terms the current economic stasis as 'The Great Lockdown' and that it is fundamentally different from The Great Depression and 2008 financial crisis
- 'Unlike previous instances, this time around, we actually don’t want people to go out and spend,' she said at an American talk show
NEW DELHI : International Monetary Fund chief economist Gita Gopinath on Wednesday batted for pump priming of economies across the world, but warned that a substantial fiscal stimulus package will push up the fiscal deficit and debt-to-GDP ratio of economies and, for that, a proactive fiscal policy is needed.
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