While there seems to be a wide consensus on long-term strategies for reform, there is less agreement on how painful such policies should be in the near term given the persistent risk of recession and surging unemployment."One lesson though is clear from history," Lagarde said. "Reducing public debt is incredibly difficult without growth. High debt, in turn, makes it harder to get growth, so it's a very narrow path to be taken."
IMF, World Bank Chiefs Urge Focus On Fair Growth
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