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Global risks are rising, but there is a path to recovery
| Content Provider | Semantic Scholar |
|---|---|
| Author | Lagarde, Christine |
| Copyright Year | 2011 |
| Abstract | Two years ago, it became clear that resolving the crisis would require two key rebalancing acts—a domestic demand switch from the public to the private sector, and a global demand switch from external deficit to external surplus counties. On the first, the idea was that strengthened private sector finances would allow the engine of growth to switch back from the public to the private sector. On the second, the idea was that higher demand in surplus countries would make up for a lower spending path in deficit countries. But the actual progress on rebalancing has been timid at best, while the downside risks to the global economy are increasing. |
| Starting Page | 421 |
| Ending Page | 426 |
| Page Count | 6 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.kansascityfed.org/publicat/sympos/2011/Lagarde_final.pdf |
| Alternate Webpage(s) | https://www.kansascityfed.org/publicat/sympos/2011/Lagarde_final.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
