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Banking crises weaken fiscal positions, with government revenues invariably contracting.
The IMF said: "The fiscal positions of commodity exporters have been especially hard hit.
Economic activity in the US and Japan will be unimpressive, hampered by dire fiscal positions.
The economies with the strongest fiscal positions, such as China, need to worry about overheating more than slumping.
Many countries' fiscal positions are deteriorating fast after costly interventions to shore up financial systems and restore growth.
"Many governments in Europe and in the United States have been able to improve their fiscal positions because of brisk economies.
Similar(18)
It also states that migrants tend to make a positive contribution long-term to the UK's fiscal position.
The Treasury states "that migrants tend to make a positive contribution long-term to the UK's fiscal position".
Meanwhile, Egypt's fiscal position remains precarious.
How bad is America's fiscal position?
The most obvious is the fiscal position.
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