Category: deficits
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Why is the fiscal impulse fading despite ‘unsustainable’ deficits? BofA discusses By Investing.com
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In a note issued earlier in the week, economists at Bank of America explored why fiscal impetus has faded despite persistently large deficits. The bank’s latest US weekly economic review noted that the slowdown in private and public investment in the first quarter of 2024 indicates that the significant fiscal…