The world economy is on the rise and that will help bring down debt from current record levels, but policy makers must not become complacent the IMF announced in the Fiscal Monitor Report released Wednesday.
“In the Fiscal Monitor, we urge policymakers to avoid pro-cyclical policy actions that provide unnecessary stimulus when economic activity is already pacing up. Instead, most countries should deliver on their fiscal plans and put deficits and debt firmly on a downward path. As I said, there is no room for complacency,” said IMF Director of Fiscal Affairs Department Vitor Gaspar.