IMF Considers Recovery as "Moderate and Uneasy"

Politics ♦ Published: October 20, 2010; 15:02 ♦ (Vindobona)

Growth in Europe seems to be normalizing slowly. Dynamism is missing though, and many vulnerabilities are as yet unresolved.

IMF Considers Recovery as "Moderate and Uneasy" / Picture: © Wikimedia Commons / SKopp [Public domain]

The economic upswing will be "moderate and uneasy", according to IMF economist Helge Berger. It is mainly due to the robust domestic demand. But now it is about time for budget consolidation. This should be based on the side of expenditure, because it is "successful, more sustainable and more growth-friendly". But caution is appropriate in any event, in order to minimize the…

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