April 18, 2018/IMF
Vitor Gaspar—Opening Remarks
Welcome and thanks for your interest on fiscal policy in the World.
As you learned from the World Economic Outlook, global growth is strong and broad-based.
The economic upswing should be used to accumulate fiscal buffers for tempestuous times that will eventually come.
Countries are advised to avoid pro-cyclical fiscal policies that exacerbate economic fluctuations and ratchet up public debt.
Financial stability and financial risks are the focus of the Global Financial Stability Report.
Countries will be better placed to tackle looming risks if they build strong public finances in good times.