The researchers concluded that the over-performance by Grillo and under - performance by Monti were «clear signals» of the anti-austerity message conveyed by voters, which could make further
fiscal consolidation efforts «very difficult to implement».
«
Fiscal consolidation efforts, high unemployment, tight credit conditions and private deleveraging in peripheral countries will put a low cap on economic growth this year and next,» predicted TD economists in their latest outlook.
Not exact matches
He said the
fiscal consolidation policy, which is a move to find lasting solutions to the current challenges, needs concerted
efforts from all development partners, adding that it is therefore not out of...