Concerns about a double-dip recession were back in the news this week. Some economists warned of the possibility of another downturn if governments withdraw growth measures too quickly. But others warned of the dangers of letting deficits and debts continue to grow.
Leaders of the world's biggest economies agreed Sunday to cut their deficits by half or more by twenty thirteen. They also promised to try to reduce the size of their government debt in relation to their economy by twenty sixteen.