IMF calls on rich nations to boost public investmentFund downplays debt concerns and calls for infrastructure spending for Covid-19 recoveryMany countries have already begun to increase spending in response to the economic damage caused by the pandemic

The IMF has issued a rallying call to rich countries around the world to increase public investment and spark a strong economic recovery from the coronavirus pandemic.

Advanced economies should worry less about their public debt, but instead take advantage of historically low borrowing costs to increase spending on infrastructure maintenance immediately, the IMF said in a report published on Monday.

Source: IMF calls on rich nations to boost public investment | Financial Times

Northern Comment: Interesting to see what appears to be a major policy shift from the IMF. A recognition the economic challenge of CovEcon-19 brings into question a whole series of current economic shibboleths. Is Rishi Sunak paying attention to this?