IMF revises fiscal outlook, sees lower primary surpluses in coming years

EconomyMacroeconomy Tags: Budget, Debt, IMF
Photo via Flickr
Photo via Flickr

Following the publication of its global forecasts in the World Economic Outlook, the International Monetary Fund (IMF) released its Fiscal Monitor ahead of the autumn meetings due to take place in Washington this week.

The previous Greek government cancelled in May the tax-free threshold reduction, which was scheduled to bring 1 percent of GDP in added revenues next year, and the new administration is happy to continue along these lines. This has prompted the Fund to ...

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