Lagarde calls for ‘gradual’ austerity moves

lagarde-brooking

Christine Lagarde, managing director of the International Monetary Fund (IMF), on May 7 called on countries to introduce austerity measures in a "gradual and steady" manner.

Speaking at the University of Zurich, Lagarde said that while fiscal adjustment is "essential", it also holds back growth, particularly in times of downturn.

She stressed that austerity measures should be taken on a "country-specific" basis and that the right mix must involve both reduced spending and raising revenue.

She al

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: