IMF says global growth has decelerated

TOKYO Sat Oct 13, 2012 10:44am IST

International Monetary Fund's Managing Director Christine Lagarde speaks at the International Monetary and Financial Committee (IMFC) at the Imperial Hotel Toyko, Japan, October 13, 2012. REUTERS/Stephen Jaffe/IMF/Handout

International Monetary Fund's Managing Director Christine Lagarde speaks at the International Monetary and Financial Committee (IMFC) at the Imperial Hotel Toyko, Japan, October 13, 2012.

Credit: Reuters/Stephen Jaffe/IMF/Handout

Related Topics

TOKYO (Reuters) - Global economic growth has decelerated and advanced economies need to step up the pace of policy reforms to rebuild confidence, the International Monetary Fund's steering committee said on Saturday.

"Global growth has decelerated and substantial uncertainties and downside risks remain," the IMF's steering committee said in its communique.

"We need to act decisively to break negative feedback loops and restore the global economy to a path of strong, sustainable and balanced growth."

(Writing by Emily Kaiser; Editing by Edmund Klamann)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Public Health

REUTERS SHOWCASE

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Airtel Profit Jumps

Airtel Profit Jumps

Bharti Q2 net profit more than doubles   Full Article 

Leisure Riding

Leisure Riding

Harley-Davidson woos affluent young Indians with bike culture  Full Article 

Maruti Earnings

Maruti Earnings

Maruti Suzuki net profit up 29 percent, beats estimates.  Full Article 

ICICI Results

ICICI Results

ICICI Bank Q2 profit up 15 percent, beats estimates.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

End Of QE

End Of QE

U.S. Fed ends bond buying, exhibits confidence in U.S. recovery.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay"  Full Article 

Refining Margins

Refining Margins

BPCL aims to double refining margins with refinery expansion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage