Please read my previous post before you read this one...Yes you guessed it right. Lollipop is the stimulus and the boy is the people. So the govt now needs to snatch the lollipop from the boy. Can we take the lollipop back.. let us take a look.
In US, the economist have forecast a slower growth when compared to Q4, 2009. In Q4 2009, US expanded by 5.9% but this time estimates are around 2.5%. This has already applied brakes on the removal of stimulus.
In Greece, because of the record high fiscal deficit of around 12.5% and debt of 20bn euros, the greek govt is reducing incentives and increasing taxes which is contrary to what is happening around the globe.
In Dubai, we all know about the crisis.
Lots of fund has been poured into the market worldwide. But many parts of the world are still not able to become independently sustaining. What I feel is if we remove the stimulus now, there surely will be some metal parts dashing in the economy vehicle becoz of the removal of stimulus.
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