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IMF warns of high risk threatening the global economy
Posted on: June 21, 2012 Posted: 3/8/1433 e time 8:31:20 AM
Iraq for all
Slogan of the International Monetary Fund
IMF warns of high risk threatening the global economy
(Reuters) - International Monetary Fund warned that the global economy is exposed to significant risks arising from the debt crisis of European and excessive fiscal austerity in some rich nations urged collective action to reduce unemployment.
In a comprehensive report submitted to the Group of Twenty Monetary Fund said that global growth weakened in He seems particularly to the crisis of the euro area remains the largest direct threat to financial stability.
He predicted the risk of excessive fiscal austerity in the United States and a few advanced economies next year.
The report said, "Therefore, to achieve a permanent and immediate exit from the crisis, the euro zone and also to avoid (slope of Mali) in the United States is essential for sustained global recovery."
He said the report, saying "Wanted to give more attention to address the high unemployment are intractable in the short term in the advanced economies, and to take further steps to ensure the stability of public finances over time."
With regard to emerging economies, the IMF recommended further measures to boost domestic demand by addressing the imbalances of the markets.
The IMF said stimulus measures interchangeably in all member states will help to ensure the growth of a global economic power and more continuity. He estimated that world output will rise by about 2.5 percent in five years.
The IMF expects global growth now that will accelerate gradually from an annual rate of 3.5 percent in 2012 to about 4 percent in 2013, led by emerging economies and developing countries. http://www.irq4all.c...cat=25&id=66794
