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Irrational
insistence on fiscal conservatism has
led to widespread growth slowdown not
only in the European countries, but also
in emerging economies like China and India.
The political backlash in major eurozone
economies rekindles hope that governments
embracing growth stunting fiscal tightening
would soon switch back to sound economic
policy-making.
*
This article was originally published
in Frontline, Vol. 29: No. 10, May 19
- Jun 01, 2012.
May
16, 2012. |
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