This is a good article from the Economist comment on the IMF‘s latest forecast.
The key quote for me was the following:
Austerity, the IMF has found, could be making Europe’s crisis worse, rather than better.
Slowly and surely the media, many financial institutions and most serious economists are now all arguing against further mass austerity. Let’s hope that the right in Germany and the US will start to listen.
In the past, I have never been a great admirer of the IMF but they have my support now.