Saturday, April 12, 2014

Finance Officials Push for Bold Action to Sustain Economic Growth

http://www.nytimes.com/2014/04/13/business/international/finance-officials-push-for-bold-action-to-sustain-economic-growth.html?ref=business&_r=0

At the World Bank and International Monetary Fund annual spring meetings, seeking for "higher growth, better quality growth, more inclusive growth and sustainable growth" is still the supreme topic. Besides the inflation,fiscal balance, interest rates and trade policy, people  also focused on Ukraine this year. The fund is preparing a financial rescue package which worth $14 billion to $18 billion of increase in tax and cut in government spending, in case Ukraine problem will escalate, which will leading to a series of serious problem to Europe’s fragile recovery.

Based on the information, the economy is still sluggish with tough job market. The inflation rates are still below target. I.M.F urges Tokyo to "structural reforms to bolster its labor market, by, for instance, bringing women into the work force." This will help the economy growth in Japan a lot.

No comments:

Post a Comment