The United States and many developed countries are facing significant challenges in restoring robust economic growth while tackling swelling deficits and public debt. Budget deficits are inevitable and even desirable during economic downturns. But unrestrained deficits and debt can harm long-term growth. Different countries are taking different approaches to promoting fiscal sustainability. But this debate cannot take place in isolation in a closely connected global economy where one country’s fiscal policies can have a significant impact on other economies.
Please join the Center for American Progress Action Fund and the Embassy of Switzerland for a timely discussion on approaches to manage fiscal policy in a way that revives and reinforces economic growth and stability.