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World Economic Forum

Quantitative Easing Necessary but Not Sufficient, Say Leading Economists

(PresseBox) (Davos-Klosters, Switzerland, )
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- Europe making progress, but needs structural reforms and fiscal stimulus
- US economy strengthening, but room for rate hikes is limited
- Spain is a model for structural reforms
- For more information about the Annual Meeting 2015: http://wef.ch/davos15

Business leaders and policy-makers gathered for the 45th World Economic Forum Annual Meeting in Davos-Klosters told participants that Europe needs quantitative easing but that monetary policy alone will not restore growth and jobs to the region.

"We're all for quantitative easing in Europe, but it's not enough," Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University, USA, said. Summers said that quantitative
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.