Countries should take advantage of the cheap oil prices to put their fiscal house in order to tackle the slowing world economy, the World Bank Chief Economist Kaushik Basu said Wednesday, cautioning that many countries would fall short of fiscal ammunition if hit by a deeper crisis.
Countries should take advantage of the cheap oil prices to put their fiscal house in order to tackle the slowing world economy, the World Bank Chief Economist Kaushik Basu said Wednesday, cautioning that many countries would fall short of fiscal ammunition if hit by a deeper crisis.
Global economic outlook is gloomier than six months ago, and there are a couple of dangerous signs that the economy could stall once again, the World Bank's chief economist Kaushik Basu told Xinhua in an interview on Wednesday.
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