“Need Monetary And Fiscal Tightening To Stabilise Economy”
  • Nikita Setia
  • Aug 28 2013

August 28: Sanjeev Sanyal, Global Strategist at Deutsche Bank, says if the ballooning twin deficits starts to create a vicious cycle between forex and inflation, authorities will have to choose between growth and stability. “In such a situation, the authorities must implement tough measures to stabilise the economy. This may hurt growth in the short-term but that’s the tough trade-off that is needed,” he says.