Includes “The period of high government debt ratios is here to stay, Vitor Gaspar, director of the IMF's Fiscal Affairs Department, said Wednesday, despite progress made by countries to stabilize debt following the financial crisis. "The progress that we document in the Fiscal Monitor in reducing the public debt-to-GDP ratio, in advanced economies in general, is steady according to our baseline, but it's slow," Gaspar said in a press conference following the release of the report. …”
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