IMF urges greater infrastructure spending after 30-year decline

Report singles out Germany and US over need for more public funded investment in transport to boost longer-term growth

A decline in infrastructure spending over the last 30 years needs to be reversed to boost growth, according to the International Monetary Fund, which meets next week in Washington against a backdrop of slowing global growth.

The IMF said the benefits of debt-financed infrastructure projects could give an important boost to economic growth especially when the world is threatened by a long period of stagnation.

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via Business Feeds

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