SYDNEY and KUALA LUMPUR, Dec 01 (IPS) – COVID-19 recessions have hit most countries, requiring massive fiscal responses. While most developing countries struggled with mounting debt even before the pandemic, many developed countries also face unprecedented macroeconomic pressures despite earlier spending cuts due to ‘fiscal consolidation’ policies.
SYDNEY and KUALA LUMPUR, Dec 01 (IPS) – COVID-19 recessions have hit most countries, requiring massive fiscal responses. While most developing countries struggled with mounting debt even before the pandemic, many developed countries also face unprecedented macroeconomic pressures despite earlier spending cuts due to ‘fiscal consolidation’ policies.Read the full story, “Will the New Fiscal Crises Improve International Tax Cooperation?”, on globalissues.org →