Arab Today, arab today world needs aggressive action to boost turgid growth
Last Updated : GMT 05:57:58
Arab Today, arab today
Arab Today, arab today

IMF Chief Christine Lagarde:

World needs aggressive action to boost turgid growth

Arab Today, arab today

Arab Today, arab today World needs aggressive action to boost turgid growth

IMF chief Christine Lagarde
Washington - Arab Today

International Monetary Fund Chief Christine Lagarde warned Thursday that rich and poor countries alike need more aggressive reform and investment to wrest the global economy from sluggish growth.
Saying that the world is mired in a "new mediocre," the head of the crisis lender said many economies remain held back by the effects of the 2008 financial crisis.
Many advanced economies in particular are stuck with a combination of low growth, low inflation, high debt and high unemployment.
Other less advanced economies continue to struggle with volatile capital flows and currency shifts that make it harder for them to keep a steady course.
"The global recovery continues, but it is moderate and uneven. In too many parts of the world it is not strong enough. In too many parts of the world, people do not feel it enough," Lagarde said, according to the text of a speech to the Atlantic Council.
Lagarde said the big issue facing the world is that while growth currently is moderate, "so too are medium-term prospects."
Some of that comes from the hangover of the financial crisis; another factor, especially in advanced countries, is the challenge of boosting production as populations age and labor force growth slackens.
While each country's problems can be different, getting the global economy growing at a better pace requires determined structural reforms to investment rules, competitive environments, labor markets and other areas by all countries.
"Frankly, in too many countries, these reforms have been lagging," she said.
Stagnant Europe, for example, needs reforms that would accelerate a shakeout of the heavily indebted small and medium-sized enterprise sector.
Putting them on a firmer footing "would yield a big payoff," she said.
On the contrary, in China, where growth is slowing, reforms could help give small businesses needed access to financing.
And Japan and Europe both need to remove tax disincentives to great participation in the workforce.
On top of reform, she added, investment in infrastructure can deliver a strong charge to economic output.
IMF research "shows that boosting efficient infrastructure investment can be a powerful impetus for growth both in the short run and in the long run."
She said global cooperation between global and regional institutions, including China's new Asian Infrastructure Investment Bank, would help in this direction.
Lagarde noted that reforms can be politically challenging and involve hard tradeoff for many governments.
"But in the long run, everybody wins," she said.
Source: AFP

arabstoday
arabstoday

GMT 17:50 2017 Wednesday ,18 October

UK Brexit budget offer is 'peanuts'

GMT 07:18 2017 Monday ,09 October

takes eurozone farewell bow

GMT 15:08 2017 Sunday ,08 October

Deutsche Bank plots more moderate

GMT 16:07 2017 Saturday ,07 October

Saudi companies invest in liquefied gas

GMT 21:52 2017 Tuesday ,03 October

Saudi , Russia to set up $1bn energy fund

GMT 06:39 2017 Tuesday ,03 October

Equifax warned about vulnerability, didn't patch it

GMT 03:39 2017 Saturday ,30 September

Al Jawaheri economic improvement

GMT 04:54 2017 Tuesday ,26 September

OPEC to discuss extending cuts, quotas
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world needs aggressive action to boost turgid growth Arab Today, arab today world needs aggressive action to boost turgid growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world needs aggressive action to boost turgid growth Arab Today, arab today world needs aggressive action to boost turgid growth

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday