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Running too fast

10 January 2011 By Hugo Dixon

It’s not just that the latest food inflation figures have reached 18 pct; the current account deficit is also high. The authorities need to get a grip, even if it means sacrificing 9 pct growth. Structural reforms, not loose policy, are the only sure way to sustain rapid growth.

This content is for Subscribers only

 

Running too fast

10 January 2011 By Hugo Dixon

It s not just that the latest food inflation figures have reached 18 pct; the current account deficit is also high. The authorities need to get a grip, even if it means sacrificing 9 pct growth. Structural reforms, not loose policy, are the only sure way to sustain rapid growth.

This content is for Subscribers only

 

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