• REMEMBER THAT NUMBERS ARE PEOPLE LOOK FOR COCK-UP BEFORE CONSPIRACY • ALWAYS CITE PRIMARY SOURCES


Friday, 1 October 2010

IMF STAFF REPORT WIN PART 2

I look forward to the way this paper will be received by the Greek media - if it is covered at all.

From the IMF's latest World Economic Outlook, I give you the aptly named "Will it hurt?", an essay on fiscal adjustment pain. I shall return later with a full analysis of what this is going to mean for Greece, but if you want to try your hand at the calculations, remember that Greece's fiscal adjustment amounts to 11% of GDP. So whatever figures you see in the report, multiply by 11 for a first estimate.

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