With austerity all the rage around the world, sharp cutbacks to stimulus are going to hit global growth to the tune of 1.25 percentage points, the Institute of International Finance says; the second quarter will probably be the "high-water mark for growth over the next 18-24 months.”

With austerity all the rage around the world, sharp cutbacks to stimulus are going to hit global growth to the tune of 1.25 percentage points, the Institute of International Finance says; the second quarter will probably be the "high-water mark for growth over the next 18-24 months.”: "With austerity all the rage around the world, sharp cutbacks to stimulus are going to hit global growth to the tune of 1.25 percentage points, the Institute of International Finance says; the second quarter will probably be the "high-water mark for growth over the next 18-24 months.” 1 comment!"