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IMF: Worried Demand in Advanced Econs May Be Persistently Weak
The International Monetary Fund is concerned the prospect of secular stagnation could take hold in the advance economies, while structural factors may be at work in the underwhelming growth rates now being seen in emerging market countries, according to the latest edition of the World Economic Outlook, part of which was released Tuesday. As a result, the IMF is pushing for governments to increase their infrastructure spending, arguing that low borrowing costs have created ideal conditions, and the investment would boost demand in advanced economies and ease impediments to near-term growth in countries like Brazil and ... (full story)