As growth lags, IMF shifts gears
http://dervishcom.blogspot.com/2011/10/as-growth-lags-imf-shifts-gears.html
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BRUSSELS — The International Monetary Fund, known throughout its history for urging governments to slash their budgets, is now worried that a global round of austerity may trigger a new recession and is urging countries to look for ways to boost growth.
On Monday, the agency warned the world's leading economies that belt-tightening by governments, companies and consumers has been become so aggressive that the global economy could falter because of anemic demand.
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Source: http://feeds.washingtonpost.com/click.phdo?i=7791fbc9fface530e2b2ba0c2bc9d821
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