World in liquidity trap, which calls for synchronized fiscal push: Gita Gopinath1 min read . Updated: 03 Nov 2020, 07:46 AM IST
The IMF chief economist made a strong case in an FT op-ed for fiscal policy to support firms and to boost consumption
New Delhi: The world is in a liquidity trap with policy interest rates staying below 1% in 60% of global economy and 97% of advanced economies which calls for a synchronised fiscal push to lift up prospects for all, IMF chief economist Gita Gopinath has argued in an op-ed published in The Financial Times on Monday.
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