Exact(10)
The necessity of another major fiscal push - bipartisan anathema though it is - cannot be ruled out.
Growth had benefited from a bold monetary and fiscal push by Prime Minister Shinzo Abe's government to stimulate the economy.
The president consults with small-business owners and makes his fiscal push at a small business in Pennsylvania.
With markets sputtering and a nervousness over a spike in long-term interest rates, skeptics of Mr. Abe's monetary and fiscal push are gaining more attention.
What's needed is a fiscal push for growth well above that level to repair the damage from the bust and set in motion a sustained recovery.
In April 2009 the Thai central bank cut rates to 1.25%—lower than in most Asian economies alongside a fiscal push worth 3% of GDP.
Similar(49)
The alternative trapping money in China at artificially low interest rates and encouraging wasteful investment was bound to be more destructive.The second area for reform is fiscal, a push that has just begun.
Soros said: "China's leadership was right to give precedence to economic growth over structural reforms, because structural reforms, combined with fiscal austerity, push economies into a deflationary tailspin.
The central bank has printed money to finance the government's mounting fiscal deficit, pushing up inflation.
The question is whether some countries the IMF mentions Britain and France should delay fiscal adjustment, pushing up-front consolidation (yellow) out into the future (red).
But the case for a coordinated fiscal-monetary push seems overwhelming given the intellectual framework all of us, I think, more or less share.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com