IMF Says 2018 Economic Outlook is Rosy, But Austerity is Still Needed Ben Norton interviews Mark Weisbrot

The IMF just released a positive World Economic Outlook report for 2018. Still, in order to make sure that the outlook remains good, the IMF makes recommendation that would lead to recession, says CEPR's Mark Weisbrot.…

GS: There seems to be a general perception that the IMF has changed its ways and adheres less to neoliberal economic orthodoxy than it used to.

MW: … I think the perception that they've changed is really based on mostly what comes out of the research department. There have been some significant changes there. But their policy has changed very little. And you can see that they're having their World Bank and IMF annual spring meetings here in Washington. And this is a big event where you get finance ministers from all over the world, and the press comes and reports on it generally. And so, and this is where you see their world economic outlook, which you mentioned, you know, gives their take on the world economy and what they think countries should do....

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IMF Says 2018 Economic Outlook is Rosy, But Austerity is Still Needed

Ben Norton interviews Mark Weisbrot, co-director of the Center for Economic and Policy Research