The IMF doubts are expressed in a low-key way; and others have made many of these points before. But coming from such a widely-respected source--and one outside the political fray in the US--such an assessment should be difficult to ignore, although the IMF analysis has so far received remarkably little attention in the American media. If the IMF had called into question the most important economic policy initiative of Japan, Germany or Russia, there is little doubt that its criticisms would have received much wider coverage. Americans, worried about the outlook in the next few months, or even weeks, may be ignoring a ticking time-bomb that seems certain to go off in the next few years, just in time for Mr Bush-;s re-election campaign.
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posted by michaelonfs at 10:46 AM on August 6, 2002