Article Type
Article
Description
The stabilisation vs growth debate has been sparked by concerns that Pakistan is entering its sixth year of stagnating incomes and can no longer afford to tread the same path.
Further doses of macroeconomic stabilisation as reflected in the current arrangement with the IMF, will make ordinary lives more difficult. Proponents of stabilisation argue that fiscal prudence and monetary tightening will reduce imbalances in fiscal and current accounts, paving the way for the resurgence of economic growth.
Both arguments are partially true but there are ways in which macroeconomic stability goals with the resumption of growth can be managed.
Publication Source
Dawn
Publication Date
10-23-2013
Pages
1-2
Recommended Citation
Husain, Ishrat. (2013, October 23). Stability With Growth. Dawn, . 1-2. https://ir.iba.edu.pk/faculty-research-press/600
