Bloomberg News

IMF’S Cottarelli Sees Risk of Over-Tightening Fiscal Policy

January 24, 2012

Jan. 24 (Bloomberg) -- The International Monetary Fund cautioned against cutting budget deficits too fast as global economic growth slows.

“Fiscal adjustment should continue but should continue at the right pace,” Carlo Cottarelli, who heads the IMF fiscal affairs department, told reporters today in Washington.

--Editors: Gail DeGeorge, Paul Badertscher

To contact the reporter on this story: Sandrine Rastello in Washington at srastello@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net


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