Governments are currently procyclical, not counter-cyclical: they cut spending after fiscal deficits have already ballooned, rather than spending when growth slows and restraining when growth accelerates—the opposite of sound macroeconomic management.
factualpending
Speaker
Ian BremmerEvidence Quote
“they're already disadvantaged governments aren't doing counter cyclical they're actually going procyclical meaning they they find Fiscal responsibility after the fiscal deficits have become huge”
Source
Fix the global debt crisis before it's too late, warns World Bank's David Malpass— GZERO MediaCreated: 8/12/2026, 6:44:21 PM
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