Why Fed, ECB’s ‘Great Job’ Is Not Moving Global Economy

Excessively tight fiscal policies in the U.S. and in the euro area are depressing economic growth and employment in nearly two-thirds of the industrialized world. These two economic systems also represent about 40 percent of the global economy. At the same time, one-third of the world economy …

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Why Fed, ECB’s ‘Great Job’ Is Not Moving Global Economy