This from the IMF’s, “World Economic Outlook – Rebalancing Growth” report, and i quote, “Entitlement reforms that do not detract from the demand in the short term – for example, [U]raising the statutory retirement age[/U] or [U]lowering the cost of health care[/U] – should be implemented without delay.”
This report can be found here at the IMF’s website in the following paper World Economic Outlook - Rebalancing Growth
Another tidbit from the same report as above, and i quote again:
“More generally, the main concern is that room for policy maneuver in many advanced economies has either been largely exhausted or is much more limited, leaving the fragile recoveries exposed to new shocks. In addition, bank exposures to real estate continue to pose downside risks, mainly in the United States and parts of Europe.”
Edit: Took out my own comments.