Market Commentary and Intraday News
IMF urges quick, effective moves to buoy growth
223 days ago
(AP:TOKYO) Global financial ministers have ended an annual meeting of the International Monetary Fund with a call for quick and effective action to safeguard growth and rebuild shaken confidence.
The IMF's International Monetary and Financial Committee urged emerging economies to adapt their own policies to help counter slowing growth in Europe and the United States.
The IMFC said decisive action was needed to "break negative feedback loops and restore the global economy to a path of strong, sustainable and balanced growth."
The annual meeting of the IMF and World Bank has highlighted frustrations among many countries over drag on growth from the lingering debt crisis in Europe, and alarm over a possible blow to the world's largest economy if the U.S. fails to resolve an impasse over its budget deficit.
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