Andersen, Torben M. - 2009
¼ %, and in July 2008 3.9 %. The EU Commission (2009) has adjusted
the projected growth rate for 2009 down by 2% to -0 … of this paper is to discuss the need and scope for fiscal policy against the
background of the global financial crisis … remarks.
2. Economic implications of the crisis and fiscal policy
The need and scope for discretionary fiscal policy …