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IMF+warns+world+to+restore+public+finances
Friday, 13 April 2012 - 19:08
IMF warns world to restore public finances
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Christine Lagarde the Managing Director of the International Monetary Fund has said that the world has to restore sound public finances, while some are forced to cut deficits fast others have to do it slowly.

She added that in the short-run, we obviously need more confidence and more demand and the immediate focus of policies must therefore be to support growth where it is still weak.

Lagarde said loose monetary policy could support where inflation remains in check but emerging nations should be careful of credit bubbles.

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