Its strong fiscal position, receding inflation and expansionary policy measures should ensure a soft economic landing, but it needs to expedite its effort to diversify the source of growth and strengthen structural reforms for inclusive growth.

FORBES: Asian Development Bank Cuts China Outlook

However, fiscal policy is likely to tighten as several fiscal measures expire, knocking some 2% off GDP from January onwards.

ECONOMIST: The economy��s prospects

Provided that Brazil regains its nerve on fiscal policy and makes every effort to pass the tough measures it promised, the loan package should stay in place.

ECONOMIST: Storm clouds from Brazil

For the next 20 years, using flashy names like Fiscal Structural Reform Act, Emergency Employment Measures and Policy Measures of Economic Rebirth, the government cut taxes, increased spending and borrowed money to finance itself.

FORBES: Japan: Land of the Rising Debt

We need to bring together through a process that has to involve the leadership those Republicans and Democrats who can find consensus on common ground on measures to reduce our deficit and begin to reform our fiscal policy in a way that makes us stronger for the 21st century.

WHITEHOUSE: Press Briefing

Most notably, the measures will delight Mario Draghi as he wanted a clear line between monetary and fiscal policy.

FORBES: Currencies, Credit Ratings and the Compact: Affairs of States