We may have avoided the cliffs, but we still face high mountains

Blanchard, Olivier.

The new year has provided cheer for macroeconomic optimists. This column by Olivier Blanchard, one of the world’s leading economists, argues that important progress has been made in putting the crisis behind us, but that recovery continues to be hampered by the need for fiscal consolidation and a weak financial system.

Πηγή: Voxeu

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