Well if the Economist’s is saying it, than…

The Economist discusses the recent push (for example at the last G-20 meeting in Toronto) by politicians and economist for a focus on deficit reduction vs spending to keep the economic stimulation going. As the magazine writes “stimulus is out and deficit reduction is in“, yet as the magazine cautions the “The advocates of austerity exaggerate more dangerously still” for the result of too much belt tightening amongst the world’s economies “But it could be a recovery that is weaker and slower than it should have been“…


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