Financial and Monetary Systems

The impact of fiscal policy on your spending

People stroll at a shopping mall in Istanbul October 10, 2011. In a country where per capita incomes are up 40 percent since 2001, consumer's hunger for goods and services is explosive. The $735 billion economy grew 8.8 percent in the second quarter of 2011, faster than India?s and more than four times the pace of the euro zone. Loans, corporate profits and sales of cars and electronics are still rising at double-digit clips. Picture taken October 10, 2011. To  match Analysis TURKEY-STOCKS/ REUTERS/Murad Sezer (TURKEY - Tags: BUSINESS) - RTR2SKL1

German households began to revise their expectations about price increases as soon as the tax increase announcement was made. Image: REUTERS/Murad Sezer

Linda Gorman
Director of the Health Care Policy Center, Independence Institute
Share:
Our Impact
The Big Picture
Explore and monitor how Financial and Monetary Systems is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Financial and Monetary Systems

Image: NBER
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Financial and Monetary SystemsSocial ProtectionRetail, Consumer Goods and Lifestyle
Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

US business activity stalls, German GDP expected to shrink, and other economics news to read this week

Joe Myers

September 29, 2023

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2023 World Economic Forum