Market Ticker

Translate

Monday, May 17, 2010

Some countries should tighten 2010 spending - IMF official

Some countries should tighten spending this year, but some, especially larger ones, can wait until 2011, Carlo Cottarelli, representative of the International Monetary Fund's fiscal affairs department, said on Monday.

"Too strong an action in 2010 could bring a slowdown in the economy," he said on the sidelines of an event. He did not mention specific countries.

Italy has done "relatively better" in terms of its budget deficit but needs to take on medium- to long-term corrections in health spending and pensions, he said.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jul 14
21:00 6-Month Bill Auction 1 4.125% 4.145%
21:00 3-Month Bill Auction 1 4.245% 4.255%
23:30 BoE's Governor Bailey speech 3
Tuesday, Jul 15
04:31 BRC Like-For-Like Retail Sales (YoY) 2 2.7% 0.2% 0.6%
06:00 Westpac Consumer Confidence 2 0.6% 0.5%
17:30 OPEC Monthly Market Report 1
17:45 Housing Starts s.a (YoY) 1 262.5K 279.5K
18:00 NY Empire State Manufacturing Index 2 -8 -16
18:00 Consumer Price Index Core s.a 1 326.85
18:00 Manufacturing Sales (MoM) 1 -1.3% -2.8%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener