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Pump Priming

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Pump Priming
Any government action taken to spur economic growth, especially when growth is sluggish or negative. Pump priming is nonpartisan; that is, pump priming policies may be conservative (e.g. tax cuts), liberal (e.g. increased spending) or some combination of the two. The term originated during the Great Depression and fell out of use after World War II. However, it came back to some extent during the late 2000s recession.


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European countries met on Thursday to kickstart plans to end economic pump priming, but hesitated to commit to fixed dates for a coordinated exit strategy tackling bloated deficits.
With help from 580 billion dollars in government pump priming, the world's third biggest economy picked up pace again after the global economic crisis dragged growth down to 6.
Mr Houston said: "This pump priming is for anybody who has a good idea, but does not have the cash to develop it.
 
 
 
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