Pakistan's economy needs structural adjustments
which are painful.
It admits that there are winners and losers under the neo-liberal 'structural adjustments
' and stabilization measures being pushed then by the IMF-World Bank group and the Washington Consensus economists.
Pakistan, always the consistent and easily appeased client, has exposed its middle and low income strata to a further straightened standard of living under new wave of structural adjustments
prescribed by the Global lender.
Schauble's departure leaves a huge gap on the European stage in the view of those who pushed for observing deficit rules and structural adjustments
in the decade-long efforts to cope with Europe's financial crisis.
It observed that downward pressures exist on China's economy due to weak global economy and domestic structural adjustments
(6) In sum, these contributions suggest that successful fiscal consolidation programs were not autonomous results, but rather their positive effects were because of the aid of monetary policy or exchange rate depreciation in sustaining output when structural adjustments
, spending cuts and tax increase were necessary to bring the public finance back to a sustainable level (Canale et al, 2008; Perotti, 2011).
Political consensus remains in favour of structural adjustments
through the country's IMF programme, but sustained fiscal consolidation will be challenging if there is growth underperformance or reform fatigue.
SBP Report said that growing macroeconomic imbalances in the economy are still quite manageable but further delay in implementing critical structural adjustments
risks significantly increasing the future costs to the economy.
17 August 2010 - Austrian drug maker Sanochemia Pharmazeutika (ETR: SAC) said today its revenue fell to EUR20.7m (USD26.6m) in the nine months of fiscal year 2009/2010, ending 30 September, from EUR21.8m in the same period of the prior fiscal year due to structural adjustments
A spokesman added: "Creating this link will involve minor structural adjustments
to existing rooms and corridors at basement level in the two buildings and will not involve any major construction work."
Nearly half of the 2010 investment budget will be used to boost capacity and implement structural adjustments