The IMF's solution? Simply restoring financial health. Easier said than done, it would seem. The difficulty is one that still eludes us regarding the toxic assets that are still present on the balance sheets of banks. Much is said about the fiscal policies and government stimulus efforts, with a recommendation for proposals that emphasize government spending, rather than tax relief to have the quickest effect. Of course, the long term concern is the ability for governments to reverse the deficits that are created in the near term. Thankfully, the IMF is expecting the United States to return to a low level of growth (1%) by 2010.
The full press conference is available through the IMF.