Now not time to end economic stimulus: OECD

[pampango]

Source: Reuters

"G20 countries need to pre-plan for withdrawal of the monetary and fiscal stimulus that is fuelling global economic recovery but should not move on either front for much of the next year , the OECD's chief economist says." (emphasis added)

""I think we need to have the rather massive policy stimulus for some time to come," Jorgen Elmeskow told Reuters in an interview."

"Elmeskov said in a statement accompanying the forecasts that the global recovery appeared to be coming earlier than envisaged just a few months ago, and he told Reuters it might even prove stronger than many had been predicting. But the first moves away from ultra-low official interest rates should wait "until well into 2010 and in some cases even beyond" the statement said."

""Against the background of what looks like a slightly better economic outlook ... and also better financial conditions which suggest growth could be a little stronger in 2010, that would advance the time at which central banks would need to move, but we're not talking about any time soon," Elmeskov said."

Read more: http://www.reuters.com/article/reutersEdge/idUSTRE5821ZY20090903

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OECD is urging continued economic stimulus measures through 2010 and perhaps beyond. They see the global economy recovering, but that will probably not continue without further stimulus.

[Beavker]

1. The entire free world is wrong on the stimulus

But the GOPigs are right.

Uh huh.

It's right there with Universal Healthcare and a D-I College Playoff system.

Fat, Old, Rich, White guys appose all these things despite the fact that others that have been doing it for a long time because they and they alone stand to lose power and money over their slaves.

I guess it's nice to know everything and always be right, huh Pigs?