More than stimulus, virus-affected countries need proactive fiscal policies: IMF`s Gita Gopinath
(WorldNews India)

New Delhi: Batting for pump priming of economies across the world, International Monetary Fund chief economist Gita Gopinath on Wednesday said while a substantial fiscal stimulus package will push up the fiscal deficit and debt-to-GDP ratio of economies, lack of proactive fiscal policy by governments could put them in worse place with collapse of economic activity. `If you don´t do what you are doing now, you can actually end up in worse situation because economic activity will collapse so severely that your debt-to-GDP will be even worse. So things could be worse if you didn´t do what is needed right now. I think that is something everybody recognizes at this point,` Gopinath said in an...