The IMF is not a body that needs to worry about elections or the political cost of interest rates or inflationGet our new political email, free app or daily news podcastThe IMF on Tuesday released its latest World Economic Outlook, suggesting “Resilience Under Strain, Urgent Choices”. But the choices are ones a government wishing to win an election would likely ignore.The IMF, as a rule, always sees a need to cut spending and lower taxes. Given its history of lending money to countries in severe debt, that’s no shock, and, even if the austerity it prescribed ruined lives, the IMF is very much in the Margaret Thatcher “the medicine is harsh but the patient requires it” mould. Continue reading...
The IMF says we need to make ‘urgent choices’. But are they choices the Albanese government is willing to make? | Grogonomics
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The Guardian - AU BusinessBy Greg Jericho
EXECUTIVE SUMMARY
The IMF is not a body that needs to worry about elections or the political cost of interest rates or inflation Get our new political email, free app or daily news podcast The IMF on Tuesday released its latest World Economic Outlook, suggesting “Resilience Under Strain, Urgent Choices”. But the choices are ones a government wishing to win an election would likely ignore. The IMF, as a rule, always sees a need to cut spending and lower taxes. Given its history of lending money to countries in sev
Key Takeaways
- The IMF says we need to make ‘urgent choices’.
- But are they choices the Albanese government is willing to make?
- But the choices are ones a government wishing to win an election would likely ignore.
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Published originally on The Guardian - AU Business
