The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
Escaping the Sovereign-Debt Crisis: Productivity-Driven Growth and Moderate Spending May Offer a Way Out

Sovereign debt and fiscal deficits are strangling many advanced economies. Policy choices are complex, but there is an escape strategy that does not require draconian budget cuts or risky debt-financed stimulus spending. The solution is based on two principal policy levers: encouraging productivity-driven GDP growth and keeping government spending per worker constant. If governments align their policies with these growth principles, a fiscal surplus will eventually materialize and the ratio of government debt to GDP will decline substantially within one to two decades.


Executive Action Report (9 pgs)
Members: Sign in to see if this product is complimentary with your membership.
Non-members: Not available
(Click here to learn more about membership