Arab Today, arab today imf steps up pressure on advanced economies
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

IMF steps up pressure on advanced economies

Arab Today, arab today

Arab Today, arab today IMF steps up pressure on advanced economies

Washington - AFP

IMF Managing Director Christine Lagarde stepped up pressure Saturday on developed countries to both boost growth and undertake needed policy steps to put the crisis of five years ago firmly behind. She said Europe, Japan and the United States had lagged on needed actions to restore global growth at a firm and sustainable pace. \"The global economy still faces headwinds, with lingering risks of a prolonged slump,\" she said in a policy statement at the International Monetary Fund\'s spring meetings with the World Bank. \"Deep policy concerns and economic brakes are still at work, including from limited progress in post-crisis reforms,\" she said. \"And new risks are appearing in the context of the emerging three-speed recovery.\" In a \"report card\" assessment of progress over the past year, she said major calamities had been averted, like the fracture of the eurozone. But she still gave the developed economies poor grades. \"US public finances remain unsustainable and a comprehensive and backloaded plan involving higher revenues and entitlement reform is urgently needed.\" In Japan, with one of the world\'s largest debt loads, she said, short-term fiscal stimulus is heightening risks to state finances and Tokyo needs to come up with \"an ambitious fiscal consolidation plan and growth strategy.\" In Europe, she warned, \"the euro area has the clearest need to balance supporting growth with needed reform.\" Deep austerity programs demanded of the troubled periphery economies like Greece, Italy and Portugal are leading to \"adjustment fatigue\" \"with growing tensions over the fairness of adjustment.\" \"The global economy has avoided the worst, but it is by no means out of the woods, and prospects may be diverging.\" Her report, on the performance of the IMF and member countries over the past year, and a policy agenda for the next, reiterated the key challenges to the global economy the IMF has highlighted in recent months. But the language directed at the most advanced economies seemed to toughen. She highlighted the looming threat that their extraordinary monetary expansion program will, when pulled back, create great turbulence in capital and foreign exchange markets that could hurt less developed countries. \"Many emerging market economies are concerned about the possible blow to output and financial system if large inflows of capital reverse rapidly.\" She warned emerging economies to develop more resilience to global market swings. At the same time, she questioned whether the breathing space earned by the monetary expansion programs \"is being used by advanced economies to make progress on deeper fiscal, financial, and structural reforms.\"

arabstoday
arabstoday

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 imf steps up pressure on advanced economies Arab Today, arab today imf steps up pressure on advanced economies

 



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 imf steps up pressure on advanced economies Arab Today, arab today imf steps up pressure on advanced economies

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
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 Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
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 Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
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 Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

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 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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