IMF, World Bank to debate 'low growth trap'
Infrastructure spending is becoming central to arguments over whether governments should push fiscal spending as a way to overcome problems with monetary easing
Add BT as a preferred sourceTokyo
WHAT the OECD (Organisation for Economic Co-operation and Development) has called the "low growth trap" in which the global economy is ensnared will dominate debate when finance ministers, central bank governors and legions of financiers meet in Washington next week for the annual meetings of the IMF (International Monetary Fund) and World Bank.
And, with a growing consensus that monetary easing is approaching the limits of its effectiveness in some advanced economies, attention is expected to focus on the prospects for concerted fiscal stimulus to banish the spectre of economic recession.
Copyright SPH Media. All rights reserved.
