Tag Archives: IMF

IMF cautions against severe austerity

Those working to preserve public services – including health care – may have found an unlikely ally in the IMF (International Monetary Fund).

After having pressed for severe cuts to public services in nations facing high public debt, the IMF is now cautioning that cutting too quickly may worsen the economic crisis.

This comes after weeks of dire predictions by Reform Commissioner Don Drummond, whose recommendations are due out today.

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