LETTER: ANC’s policies are killing the economy
IMF misunderstands destruction that ANC’s socialist ideology has wreaked
02 February 2020 - 18:51
The IMF says in its latest SA report that “the government will have to improve its fiscal policy because monetary policy alone cannot stimulate economic growth” (“SA needs bold steps to overhaul embattled SOEs (https://www.businesslive.co.za/bd/economy/2020-01-31-sa-needs-bold-steps-to-overhaul-embattled-soes-says-imf/), says IMF”, January 31).
It is unfortunate that the IMF is still convinced that monetary policy can in any way stimulate the economy, because it is simply not correct. There is no evidence to substantiate this claim anywhere in the world...
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