IMF's Deppler on the economic outlook

In a speech given on 14 April Michael Deppler of the IMF said these are good times, which are deserved because policies have been relatively good.

"However, good times have in the past also led to policy short-sightedness and mistakes-mistakes that have cost countries' plenty.

"Moreover, while performance is currently improving, the fact is that Europe's performance has lagged relative to the rest of the world over the past decade: in terms of per capita incomes and productivity for the advanced

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