IMF Survey, Volume 31, Issue 20

Author: International Monetary Fund. External Relations Dept.

The IMF has added its voice to the debate over the euro area's Stability and Growth Pact (SGP), urging the three largest countries-France, Germany, and Italy-to rein in their fiscal deficits. It also trimmed its economic growth forecasts for the 12-nation monetary union and urged the European Central Bank (ECB) to adopt a bias toward lowering interest rates.

Volume/Issue: Volume 0031 Issue 020

Publication date: January 2002

ISBN: 9781451926729

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Topics covered in this book

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Business and Economics , Exports and Imports , Finance , SV , microfinance institution , IMF Concludes , Horst Köhler , Brazil's President-Elect , exchange rate , IMF publication service , IMF's website , IMF survey , Exchange rate arrangements , Exchange rates , Currency markets , Foreign direct investment , Exchange restrictions , Global , Maghreb , Mekong , Asia and Pacific , Europe , Africa

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Summary

The IMF has added its voice to the debate over the euro area’s Stability and Growth Pact (SGP), urging the three largest countries—France, Germany, and Italy—to rein in their fiscal deficits. It also trimmed its economic growth forecasts for the 12-nation monetary union and urged the European Central Bank (ECB) to adopt a bias toward lowering interest rates.