IMF:US fiscal stimulus is ill-judged,unlikely to do much for growth (Congress, economy)

[oz in SC]

The IMF wants the USA to fail too!!!

The IMF said the US economy was enjoying a short-term spike as a result of quantitative easing by the US Federal Reserve and the fiscal package agreed by Congress and the White House late last year, but expressed reservations about the side-effects of these policies.

"Although some targeted measures in the US are justifiable at this juncture given the still weak labour and housing markets, the recently implemented stimulus is expected to deliver only a relatively small growth dividend [given its size] at a considerable fiscal cost," the IMF said in its update to the World Economic Outlook.

The IMF said the deficit would remain stuck at 10.75pc of GDP in 2011, with public debt exceeding 110pc of GDP in 2016.

IMF chides US for fiscal folly - Telegraph

[summers73]

Originally Posted by oz in SC

The IMF wants the USA to fail too!!!

I see what you did there.