The Economist (June 10)
2010/ 06/ 11 by jd in Global News
Rather than stimulus, G20 leaders are now speaking fiscal restraint. But belt tightening, especially in Europe, could cause the economy to flounder or result in a double dip. The Economist points out, however, that the reality is not as bad as the talk. Much of the belt tightening is minimal and scheduled to begin from 2011. “A calm look at the numbers, then, suggests that the odds of a collective G20 blunder towards recovery-wrecking austerity this year are low.”
Tags: Double-dip, Europe, Outlook, Stimulus, Tightening
