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

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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)

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